Clear Harbor Asset Management LLC Sells 2,482 Shares of NVIDIA Corporation $NVDA

Key Points

• Clear Harbor Asset Management LLC reduced its stake in NVIDIA Corporation by 2.1%, selling 2,482 shares to end the quarter with 113,651 shares, valued at approximately $17.96 million.
• Several institutional investors increased their positions in NVIDIA, with notable changes including Brighton Jones LLC growing its stake by 12.4% in Q4.
• NVIDIA announced a quarterly dividend of $0.01 per share, with the payment scheduled for October 2nd, representing an annualized yield of 0.0%.

Clear Harbor Asset Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,651 shares of the computer hardware maker's stock after selling 2,482 shares during the period. NVIDIA accounts for about 1.3% of Clear Harbor Asset Management LLC's investment portfolio, making the stock its 15th largest holding. Clear Harbor Asset Management LLC's holdings in NVIDIA were worth $17,956,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares during the last quarter. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of NVIDIA by 28.2% in the 4th quarter. Forum Financial Management LP now owns 189,998 shares of the computer hardware maker's stock worth $25,515,000 after buying an additional 41,757 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 2.5%

Shares of NASDAQ:NVDA opened at $186.44 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $187.35. The business has a 50 day simple moving average of $177.20 and a two-hundred day simple moving average of $146.90. The firm has a market capitalization of $4.53 trillion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 1.32 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the sale, the director owned 138,740 shares in the company, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,022,407 shares of company stock valued at $700,382,754 over the last 90 days. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird lifted their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Benchmark lifted their target price on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Jefferies Financial Group reissued a "buy" rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday. Evercore ISI raised their price target on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company raised their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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