NVIDIA Corporation $NVDA Position Cut by Barrett & Company Inc.

Barrett & Company Inc. trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,145 shares of the computer hardware maker's stock after selling 20,086 shares during the quarter. NVIDIA makes up about 4.6% of Barrett & Company Inc.'s portfolio, making the stock its 4th biggest position. Barrett & Company Inc.'s holdings in NVIDIA were worth $12,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Montz Harcus Wealth Management LLC raised its holdings in shares of NVIDIA by 1.2% in the second quarter. Montz Harcus Wealth Management LLC now owns 19,449 shares of the computer hardware maker's stock worth $3,073,000 after buying an additional 226 shares during the period. Consilium Wealth Advisory LLC raised its holdings in shares of NVIDIA by 6.4% in the second quarter. Consilium Wealth Advisory LLC now owns 72,108 shares of the computer hardware maker's stock worth $11,392,000 after buying an additional 4,348 shares during the period. New Century Financial Group LLC raised its holdings in shares of NVIDIA by 105.1% in the second quarter. New Century Financial Group LLC now owns 21,206 shares of the computer hardware maker's stock worth $3,350,000 after buying an additional 10,866 shares during the period. Phraction Management LLC raised its holdings in shares of NVIDIA by 79.4% in the second quarter. Phraction Management LLC now owns 8,135 shares of the computer hardware maker's stock worth $1,285,000 after buying an additional 3,601 shares during the period. Finally, Gray Private Wealth LLC purchased a new stake in shares of NVIDIA in the second quarter worth approximately $633,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 3,828,937 shares of company stock worth $682,264,276. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.3%

Shares of NASDAQ NVDA opened at $182.64 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.44 trillion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The stock's fifty day simple moving average is $179.41 and its two-hundred day simple moving average is $154.25. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business'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, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. 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 is currently 1.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Evercore ISI increased their price target on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Barclays reissued an "overweight" rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $222.23.

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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