Salem Investment Counselors Inc. Has $232.88 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Salem Investment Counselors Inc. reduced its stake in NVIDIA by 1.7%, maintaining 1,473,927 shares worth approximately $232.9 million, which represents 7.4% of its investment portfolio.
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares valued at over $11.7 million, while insiders collectively sold more than 4 million shares worth approximately $677.4 million last quarter.
• NVIDIA reported a strong financial performance with $1.05 earnings per share, beating estimates, and raised its quarterly dividend to $0.01 per share, reinforcing its commitment to shareholders.

Salem Investment Counselors Inc. reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,473,927 shares of the computer hardware maker's stock after selling 25,914 shares during the quarter. NVIDIA comprises about 7.4% of Salem Investment Counselors Inc.'s investment portfolio, making the stock its 2nd biggest position. Salem Investment Counselors Inc.'s holdings in NVIDIA were worth $232,877,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of NVIDIA in the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC lifted its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA during the fourth quarter worth about $2,987,733,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,914,341 shares of company stock worth $662,228,310. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. New Street Research boosted their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Wolfe Research increased their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, Raymond James Financial increased their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $208.47.

NVIDIA Trading Up 3.6%

NASDAQ NVDA traded up $6.30 during trading on Monday, hitting $182.97. The company had a trading volume of 197,861,744 shares, compared to its average volume of 234,389,875. The company has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.13, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. 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 Corporation has a one year low of $86.62 and a one year high of $184.55. The company's fifty day moving average is $175.73 and its 200-day moving average is $143.85.

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 (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 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the firm posted $0.68 EPS. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

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.