NVIDIA Corporation $NVDA Shares Sold by Park Edge Advisors LLC

Park Edge Advisors LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,703 shares of the computer hardware maker's stock after selling 1,427 shares during the period. Park Edge Advisors LLC's holdings in NVIDIA were worth $2,165,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its stake 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 valued at $53,000 after buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its stake 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 valued at $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA 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 completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,819,522 shares of company stock worth $642,506,300 in the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Up 3.5%

NVIDIA stock opened at $176.24 on Friday. The company has a market capitalization of $4.28 trillion, a P/E ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 2.10. The firm's fifty day simple moving average is $175.50 and its 200-day simple moving average is $143.02. 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share 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 issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NVDA. UBS Group upped their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. KeyCorp reaffirmed an "overweight" rating and set a $230.00 price target (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Mizuho upped their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

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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