Free Trial

Grassi Investment Management Lowers Position in NVIDIA Corporation $NVDA

NVIDIA logo with Computer and Technology background

Grassi Investment Management decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653,100 shares of the computer hardware maker's stock after selling 7,300 shares during the quarter. NVIDIA makes up about 20.8% of Grassi Investment Management's investment portfolio, making the stock its largest position. Grassi Investment Management's holdings in NVIDIA were worth $261,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. boosted its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Westend Capital Management LLC boosted its stake in NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after buying an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $210.00 price objective on NVIDIA and gave the stock a "buy" rating in a research note on Monday, October 6th. UBS Group set a $320.00 price objective on NVIDIA in a research note on Wednesday, October 15th. 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. 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. Finally, Morgan Stanley boosted their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $222.23.

View Our Latest Analysis on NVDA

NVIDIA Stock Down 0.3%

Shares of NVIDIA stock opened at $182.64 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market capitalization of $4.44 trillion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The business has a 50-day moving average of $179.41 and a two-hundred day moving average of $154.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, 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 was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer directly owned 70,108,203 shares of the company's stock, valued at approximately $12,856,442,266.14. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 3,828,937 shares of company stock worth $682,264,276. Company insiders own 4.17% of the company's stock.

NVIDIA Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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.

Should You Invest $1,000 in NVIDIA Right Now?

Before you consider NVIDIA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.

While NVIDIA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

3 Options Myths Costing You Money (Do This Instead)
The Best & Worst Stocks in the Market Right Now
These Sectors Are On Fire: Breaking Down the Market’s Biggest Gainers

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines