Nemes Rush Group LLC Cuts Position in NVIDIA Corporation $NVDA

Key Points

• Nemes Rush Group LLC has reduced its stake in NVIDIA by 1.2%, now holding 159,256 shares valued at approximately $17.26 million.
• NVIDIA's shares are currently trading at $181.60, with a market cap of $4.43 trillion and a P/E ratio of 58.58.
• The company recently announced a quarterly dividend of $0.01, reflecting a dividend yield of 0.0%, with the payout scheduled for October 2nd.

Nemes Rush Group LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,256 shares of the computer hardware maker's stock after selling 1,999 shares during the period. NVIDIA accounts for about 2.2% of Nemes Rush Group LLC's portfolio, making the stock its 12th largest position. Nemes Rush Group LLC's holdings in NVIDIA were worth $17,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. raised its position 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 buying an additional 254 shares during the last quarter. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its stake 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 acquiring an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 3.4%

Shares of NVDA traded down $6.14 during mid-day trading on Friday, reaching $174.03. The stock had a trading volume of 164,832,828 shares, compared to its average volume of 238,776,547. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The business's fifty day moving average is $170.22 and its 200 day moving average is $138.74. The firm has a market cap of $4.25 trillion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday. UBS Group upped their target price on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Raymond James Financial upped their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Truist Financial upped their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Four equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is owned by 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.