Connable Office Inc. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,902 shares of the computer hardware maker's stock after selling 16,197 shares during the period. NVIDIA accounts for about 1.1% of Connable Office Inc.'s investment portfolio, making the stock its 20th biggest holding. Connable Office Inc.'s holdings in NVIDIA were worth $9,960,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. High Note Wealth LLC grew its stake in NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC boosted its holdings in shares of NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after buying an additional 94 shares during the last quarter. Next Capital Management LLC grew its stake in shares of NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC increased its holdings in NVIDIA by 0.8% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after buying an additional 96 shares during the last quarter. Finally, Affiance Financial LLC raised its position in NVIDIA by 0.7% during the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after acquiring an additional 97 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on NVDA. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Evercore ISI lifted their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Finally, Truist Financial boosted their target price on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.
Check Out Our Latest Analysis on NVDA
Insider Activity
In related news, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the transaction, the chief executive officer owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,951,604 shares of company stock valued at $772,854,889 in the last quarter. Corporate insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded up $1.04 during trading hours on Thursday, reaching $171.66. 140,239,481 shares of the stock were exchanged, compared to its average volume of 238,167,859. The firm has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 48.91, a P/E/G ratio of 1.30 and a beta of 2.10. The stock's fifty day simple moving average is $172.21 and its 200 day simple moving average is $139.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
NVIDIA Company Profile
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Free Report)
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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