CWA Asset Management Group LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 975,629 shares of the computer hardware maker's stock after selling 52,612 shares during the period. NVIDIA makes up 6.5% of CWA Asset Management Group LLC's portfolio, making the stock its biggest position. CWA Asset Management Group LLC's holdings in NVIDIA were worth $154,140,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Stone Summit Wealth LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $332,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of NVIDIA by 3.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 2,399,641 shares of the computer hardware maker's stock valued at $379,119,000 after purchasing an additional 86,515 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its holdings in shares of NVIDIA by 0.3% in the second quarter. Guyasuta Investment Advisors Inc. now owns 128,322 shares of the computer hardware maker's stock valued at $20,274,000 after purchasing an additional 375 shares in the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of NVIDIA by 2,503.2% in the second quarter. Stockman Wealth Management Inc. now owns 106,940 shares of the computer hardware maker's stock valued at $16,895,000 after purchasing an additional 102,832 shares in the last quarter. Finally, Clay Northam Wealth Management LLC lifted its holdings in shares of NVIDIA by 5.2% in the second quarter. Clay Northam Wealth Management LLC now owns 33,784 shares of the computer hardware maker's stock valued at $5,337,000 after purchasing an additional 1,683 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Down 4.9%
NVDA stock opened at $183.16 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The company has a market cap of $4.45 trillion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The business's 50-day simple moving average is $179.16 and its 200 day simple moving average is $150.75. 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 announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate 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. Investors of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's payout ratio is 1.14%.
Insider Buying and Selling
In related news, Director Harvey C. Jones sold 250,000 shares of the business'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 value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were 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 position. The disclosure for this sale can be found here. Insiders sold 3,925,379 shares of company stock worth $694,277,421 in the last quarter. Insiders own 4.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on NVDA shares. Barclays restated an "overweight" rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Stifel Nicolaus increased their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Oppenheimer reiterated an "outperform" rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Evercore ISI increased their price objective on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Finally, Wedbush reiterated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.84.
View Our Latest Stock Report on NVIDIA
About NVIDIA
(
Free Report)
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.
Further Reading
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