NVIDIA Corporation $NVDA Shares Sold by Hudson Canyon Capital Management

Hudson Canyon Capital Management cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,500 shares of the computer hardware maker's stock after selling 12,750 shares during the period. NVIDIA makes up approximately 6.2% of Hudson Canyon Capital Management's holdings, making the stock its 2nd biggest position. Hudson Canyon Capital Management's holdings in NVIDIA were worth $8,833,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LaSalle St. Investment Advisors LLC increased its position in shares of NVIDIA by 76.3% in the first quarter. LaSalle St. Investment Advisors LLC now owns 100,554 shares of the computer hardware maker's stock worth $10,898,000 after acquiring an additional 43,506 shares in the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in shares of NVIDIA during the first quarter worth approximately $614,000. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. boosted its holdings in shares of NVIDIA by 50.7% during the first quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. now owns 12,359 shares of the computer hardware maker's stock worth $1,339,000 after purchasing an additional 4,159 shares during the period. Nutshell Asset Management Ltd lifted its stake in NVIDIA by 53.2% in the first quarter. Nutshell Asset Management Ltd now owns 77,713 shares of the computer hardware maker's stock valued at $8,423,000 after acquiring an additional 27,000 shares during the last quarter. Finally, Caisse Des Depots ET Consignations lifted its stake in NVIDIA by 0.7% in the first quarter. Caisse Des Depots ET Consignations now owns 511,146 shares of the computer hardware maker's stock valued at $55,398,000 after acquiring an additional 3,484 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVIDIA stock opened at $167.02 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a market cap of $4.06 trillion, a PE ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. The company's 50-day moving average is $172.73 and its two-hundred day moving average is $140.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 608,248 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,872,755 shares of company stock worth $764,283,330 over the last three months. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. restated an "overweight" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.