Janney Capital Management LLC Has $13.05 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Janney Capital Management LLC reduced its stake in NVIDIA by 1.8%, bringing its holdings to approximately $13.05 million, following the sale of 1,519 shares in the 2nd quarter.
• Several research firms have increased their price targets for NVIDIA, with Loop Capital raising it to $250.00 and Cantor Fitzgerald setting a target of $300.00.
• NVIDIA's recent earnings report showed a year-over-year revenue increase of 55.6%, with earnings per share exceeding analyst expectations at $1.05.

Janney Capital Management LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,593 shares of the computer hardware maker's stock after selling 1,519 shares during the period. Janney Capital Management LLC's holdings in NVIDIA were worth $13,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in 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. grew its position 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 purchasing an additional 254 shares during the period. Westend Capital Management LLC grew its position 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 purchasing an additional 145 shares during the period. 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 grew 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 valued at $53,000 after purchasing an additional 327 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the company an "overweight" rating in a research note on Thursday. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Robert W. Baird upped 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. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $213.37.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $188.32 on Tuesday. The company's 50-day moving average is $179.32 and its 200 day moving average is $151.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.58 trillion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total value of $14,265,000.00. Following the sale, the chief executive officer directly owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,753,937 shares of company stock worth $665,807,776 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.

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).

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.