MYDA Advisors LLC Lowers Stock Position in NVIDIA Corporation $NVDA

MYDA Advisors LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 80.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,000 shares of the computer hardware maker's stock after selling 100,000 shares during the period. MYDA Advisors LLC's holdings in NVIDIA were worth $2,710,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the first 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, Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $177.17 on Friday. The firm has a 50-day simple moving average of $174.05 and a 200-day simple moving average of $141.23. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. 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 released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the business earned $0.68 earnings per share. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Craig Hallum upped their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Stifel Nicolaus upped their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Loop Capital upped their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wedbush restated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Evercore ISI upped their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.83.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares of the company's stock, valued at approximately $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. 4.17% of the stock is owned by company insiders.

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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