NVIDIA Corporation $NVDA is Pennsylvania Capital Management Inc. ADV's 6th Largest Position

Key Points

• Pennsylvania Capital Management Inc. ADV has reduced its stake in NVIDIA Corporation by 24.5% in the second quarter, now holding 82,881 shares worth approximately $13.1 million.
• NVIDIA reported $1.05 earnings per share for the last quarter, exceeding expectations, with a total revenue of $46.74 billion, reflecting a 55.6% year-over-year increase.
• The company announced a quarterly dividend of $0.01, with a dividend yield of 0.0% and a payout ratio of 1.14%.

Pennsylvania Capital Management Inc. ADV lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,881 shares of the computer hardware maker's stock after selling 26,872 shares during the quarter. NVIDIA accounts for about 4.2% of Pennsylvania Capital Management Inc. ADV's holdings, making the stock its 6th biggest position. Pennsylvania Capital Management Inc. ADV's holdings in NVIDIA were worth $13,094,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. grew its position in shares of NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after buying an additional 63 shares in the last quarter. HFG Wealth Management LLC grew its position in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC grew its position in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after buying an additional 69 shares in the last quarter. Summit Financial Strategies Inc. grew its position in shares of NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after buying an additional 69 shares in the last quarter. Finally, Burkett Financial Services LLC grew its position in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $179.83 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The company has a market cap of $4.37 trillion, a PE ratio of 51.23, a P/E/G ratio of 1.30 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a 50-day simple moving average of $179.37 and a two-hundred day simple moving average of $151.96.

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, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.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 posted $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the company an "overweight" rating in a research report on Thursday, October 9th. Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, HSBC set a $320.00 price objective on NVIDIA and gave the company a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $222.23.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,828,937 shares of company stock worth $680,708,026 over the last three months. 4.17% of the stock is currently owned by insiders.

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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