NVIDIA Corporation $NVDA is Patton Albertson Miller Group LLC's Largest Position

Patton Albertson Miller Group LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,282 shares of the computer hardware maker's stock after selling 1,744 shares during the quarter. NVIDIA comprises about 6.1% of Patton Albertson Miller Group LLC's holdings, making the stock its biggest holding. Patton Albertson Miller Group LLC's holdings in NVIDIA were worth $46,178,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $51,000. 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 buying an additional 327 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. lifted its holdings in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA opened at $183.16 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The company's 50-day moving average price is $179.16 and its 200 day moving average price is $150.75.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 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 quarter in the prior year, the firm earned $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on NVDA shares. Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Cantor Fitzgerald set a $300.00 price target on NVIDIA and gave the company an "overweight" rating in a report on Thursday. Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Citigroup reissued a "buy" rating and set a $210.00 target price (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Finally, Benchmark upped 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. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.84.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. 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 firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the sale, the chief executive officer owned 73,748,225 shares of the company's stock, valued at $13,181,757,736.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,925,379 shares of company stock worth $694,277,421 over the last three months. Corporate insiders own 4.17% of the company's stock.

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.

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