NVIDIA Corporation $NVDA Shares Sold by Meridian Investment Counsel Inc.

Key Points

• Meridian Investment Counsel Inc. reduced its stake in NVIDIA Corporation by 10.5% during the second quarter, now holding 16,983 shares valued at approximately $2.68 million.
• NVIDIA recently reported $1.05 earnings per share for the last quarter, exceeding estimates, with revenue reaching $46.74 billion, a 55.6% increase year-over-year.
• Insider selling has occurred among top executives, with CFO Colette Kress selling 30,500 shares and CEO Jen Hsun Huang selling 75,000 shares, indicating a decrease in their ownership stakes.

Meridian Investment Counsel Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,983 shares of the computer hardware maker's stock after selling 2,000 shares during the period. Meridian Investment Counsel Inc.'s holdings in NVIDIA were worth $2,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Astoria Portfolio Advisors LLC. increased its stake in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group increased its stake in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC increased its stake in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC increased its stake in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its stake in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $185.79, for a total value of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares in the company, valued at $13,164,745,535.37. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,775,379 shares of company stock worth $665,883,171 in the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $192.57 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a fifty day moving average of $178.97 and a two-hundred day moving average of $150.06. The company has a market capitalization of $4.68 trillion, a price-to-earnings ratio of 54.86, a PEG ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.30.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate 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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. New Street Research increased their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Daiwa Capital Markets increased 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. Craig Hallum increased their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Wolfe Research increased their target price on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Finally, Barclays reissued an "overweight" rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.84.

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.

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