Colton Groome Financial Advisors LLC Sells 1,499 Shares of NVIDIA Corporation $NVDA

Key Points

• Colton Groome Financial Advisors LLC has reduced its holdings in NVIDIA Corporation by 50% during the second quarter, selling 1,499 shares and now owning 1,498 shares worth approximately $237,000.
• CEO Jen Hsun Huang and CFO Colette Kress recently sold significant shares of NVIDIA, with Huang selling 75,000 shares for over $13 million.
• Research analysts are optimistic about NVIDIA, with several firms issuing "buy" ratings and target price increases, indicating strong market confidence in the company's performance.

Colton Groome Financial Advisors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,498 shares of the computer hardware maker's stock after selling 1,499 shares during the period. Colton Groome Financial Advisors LLC's holdings in NVIDIA were worth $237,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its holdings in NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after purchasing an additional 321 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,947,622 shares of company stock worth $694,333,235. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating and issued a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. TD Cowen upped their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Craig Hallum upped their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.26.

NVIDIA Price Performance

NASDAQ:NVDA opened at $185.04 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $178.48 and its two-hundred day moving average price is $149.30. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 52.72, a P/E/G ratio of 1.34 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $191.05.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

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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