Cullinan Associates Inc. Has $18.93 Million Stock Position in NVIDIA Corporation $NVDA

Cullinan Associates Inc. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,824 shares of the computer hardware maker's stock after selling 3,600 shares during the period. NVIDIA makes up about 1.2% of Cullinan Associates Inc.'s portfolio, making the stock its 19th largest holding. Cullinan Associates Inc.'s holdings in NVIDIA were worth $18,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. lifted its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 2nd quarter valued at approximately $55,000. Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% in the 1st 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 during the last quarter. Finally, Luken Investment Analytics LLC lifted its stake in NVIDIA by 107.0% in the 1st 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 during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 2.3%

NVDA opened at $186.26 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. 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 company has a fifty day moving average of $179.46 and a 200-day moving average of $155.82. The stock has a market cap of $4.53 trillion, a PE ratio of 53.07, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA'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, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Arete increased their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, October 14th. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Mizuho increased their price objective on shares of NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and a consensus target price of $222.23.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $179.91, for a total transaction of $13,493,250.00. Following the completion of the sale, the chief executive officer directly owned 69,958,203 shares in the company, valued at $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer owned 2,855,762 shares of the company's stock, valued at approximately $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,801,577 shares of company stock valued at $678,643,875. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.