NVIDIA Corporation $NVDA Position Decreased by Argent Capital Management LLC

Key Points

• Argent Capital Management LLC reduced its position in NVIDIA Corporation by 0.4% during the second quarter, retaining 871,290 shares, making NVIDIA its third-largest holding.
• NVIDIA's recent earnings report showed an EPS of $1.05, exceeding analysts' expectations, with annual revenue growth of 55.6% compared to the previous year.
• Wall Street analysts maintain a largely positive outlook on NVIDIA, with a consensus rating of "Moderate Buy" and an average target price of $211.00.

Argent Capital Management LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,290 shares of the computer hardware maker's stock after selling 3,504 shares during the quarter. NVIDIA accounts for approximately 3.9% of Argent Capital Management LLC's portfolio, making the stock its 3rd largest position. Argent Capital Management LLC's holdings in NVIDIA were worth $137,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth $50,000. Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC boosted its holdings in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Daiwa Capital Markets upped their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Stifel Nicolaus increased their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Morgan Stanley raised their price objective on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $188.89 on Friday. The company has a market cap of $4.59 trillion, a PE ratio of 53.81, a P/E/G ratio of 1.35 and a beta of 2.12. The business has a 50 day moving average of $177.83 and a 200 day moving average of $147.65. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 101.74%. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm earned $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts forecast 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. Shareholders 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 yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the transaction, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,097,407 shares of company stock valued at $714,378,504. 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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