Lee Financial Co Has $2.08 Million Position in NVIDIA Corporation $NVDA

Key Points

• Lee Financial Co reduced its holdings in NVIDIA Corporation by 30.2% during the first quarter, now owning 19,169 shares valued at approximately $2.08 million.
• Director Mark A. Stevens sold over 608,000 shares of NVIDIA stock for approximately $88.35 million, resulting in a 6.87% decrease in his ownership.
• NVIDIA recently reported earnings of $1.05 per share, exceeding expectations, with revenue up 55.6% year-over-year at $46.74 billion.

Lee Financial Co lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,169 shares of the computer hardware maker's stock after selling 8,275 shares during the quarter. Lee Financial Co's holdings in NVIDIA were worth $2,078,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the first quarter worth about $51,000. Bruce G. Allen Investments LLC boosted its holdings 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 worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 0.1%

NASDAQ:NVDA traded down $0.16 on Thursday, reaching $177.17. The stock had a trading volume of 150,723,200 shares, compared to its average volume of 176,675,152. The company has a market cap of $4.31 trillion, a price-to-earnings ratio of 50.48, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm's fifty day moving average is $173.69 and its two-hundred day moving average is $140.91.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm earned $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated 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 sale, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,907,755 shares of company stock worth $633,253,430. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NVDA shares. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Morgan Stanley increased their price target on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Rosenblatt Securities lifted their price target on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $207.83.

About NVIDIA

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.