Jackson Wealth Management LLC Sells 2,749 Shares of NVIDIA Corporation $NVDA

Jackson Wealth Management LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,114 shares of the computer hardware maker's stock after selling 2,749 shares during the period. NVIDIA comprises 1.2% of Jackson Wealth Management LLC's portfolio, making the stock its 17th biggest holding. Jackson Wealth Management LLC's holdings in NVIDIA were worth $11,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% in the 1st 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 during the last quarter. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 2nd quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. raised its position 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 worth $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.3%

NVDA opened at $182.64 on Tuesday. The stock has a market capitalization of $4.44 trillion, a P/E ratio of 52.03, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The firm's fifty day simple moving average is $179.41 and its 200 day simple moving average is $154.25. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business 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 firm's revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares of the company's stock, valued at $12,856,442,266.14. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 3,828,937 shares of company stock worth $682,264,276. Insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Tuesday, September 23rd. Robert W. Baird boosted their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a research report on Monday, October 6th. HSBC set a $320.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and a consensus target price of $222.23.

NVIDIA 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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