NVIDIA Corporation $NVDA Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 566,511 shares of the computer hardware maker's stock after selling 24,286 shares during the quarter. NVIDIA makes up approximately 9.2% of Navellier & Associates Inc.'s investment portfolio, making the stock its largest position. Navellier & Associates Inc.'s holdings in NVIDIA were worth $64,480,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth $54,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the 1st 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. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 1.7%

NASDAQ:NVDA opened at $177.99 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.56 and a beta of 2.14. The firm has a fifty day simple moving average of $167.35 and a two-hundred day simple moving average of $137.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. 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 was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NVDA shares. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Truist Financial increased their target price on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. KeyCorp boosted their price target on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday. Bank of America upped their price objective on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

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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