Delaney Dennis R Cuts Holdings in NVIDIA Corporation $NVDA

Key Points

• Delaney Dennis R reduced its holdings in NVIDIA by 2.7%, selling 2,010 shares, which now make up approximately 4.3% of their portfolio.
• NVIDIA's stock price rose by 1.7% to $177.99, with an earnings report showing $44.06 billion in revenue but an EPS of $0.81, missing estimates by $0.06.
• The company declared a quarterly dividend of $0.01, resulting in an annualized dividend yield of 0.0%, while insider sales totaled over $902 million in shares recently.

Delaney Dennis R lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,140 shares of the computer hardware maker's stock after selling 2,010 shares during the quarter. NVIDIA makes up approximately 4.3% of Delaney Dennis R's holdings, making the stock its 6th biggest holding. Delaney Dennis R's holdings in NVIDIA were worth $7,927,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Condor Capital Management raised its position in shares of NVIDIA by 3.6% in the fourth quarter. Condor Capital Management now owns 2,559 shares of the computer hardware maker's stock valued at $344,000 after purchasing an additional 89 shares during the period. High Note Wealth LLC raised its position in shares of 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 during the period. Kelly Financial Services LLC raised its position in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the period. Next Capital Management LLC raised its position 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 purchasing an additional 94 shares during the period. Finally, Mendel Capital Management LLC raised its position in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after purchasing an additional 96 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVIDIA stock traded up $3.01 during mid-day trading on Friday, hitting $177.99. 172,179,840 shares of the company traded hands, compared to its average volume of 157,824,752. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a fifty day moving average price of $167.35 and a 200-day moving average price of $137.40. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 1.56 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company's revenue was up 69.2% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the transaction, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm'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 transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Rosenblatt Securities upped their target price on shares of NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Evercore ISI upped their target price on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday. KeyCorp upped their target price on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

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.