Marvin & Palmer Associates Inc. Sells 24,847 Shares of NVIDIA Corporation $NVDA

Key Points

• Marvin & Palmer Associates Inc. reduced its stake in NVIDIA Corporation by 54.1%, selling 24,847 shares, leaving it with 21,070 shares valued at approximately $2.28 million.
• NVIDIA recently announced a quarterly dividend of $0.01, with a payout ratio of 1.29%, highlighting its commitment to returning value to shareholders.
• Despite missing earnings estimates for the quarter with an EPS of $0.81, NVIDIA reported a revenue of $44.06 billion, surpassing expectations and achieving a 69.2% increase compared to the previous year.

Marvin & Palmer Associates Inc. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 54.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,070 shares of the computer hardware maker's stock after selling 24,847 shares during the period. NVIDIA makes up about 3.4% of Marvin & Palmer Associates Inc.'s holdings, making the stock its 21st biggest position. Marvin & Palmer Associates Inc.'s holdings in NVIDIA were worth $2,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kathleen S. Wright Associates Inc. increased its holdings in 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. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 3.3%

Shares of NVIDIA stock traded down $5.99 during trading on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average is $170.83 and its two-hundred day moving average is $139.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during 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 for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock valued at $896,145,782 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NVDA shares. Wells Fargo & Company upped their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Mizuho upped their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Jefferies Financial Group upped their target price on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Thursday. Finally, Needham & Company LLC reissued a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

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.