Sloy Dahl & Holst LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,220 shares of the computer hardware maker's stock after selling 13,819 shares during the quarter. NVIDIA comprises 4.0% of Sloy Dahl & Holst LLC's investment portfolio, making the stock its 4th largest holding. Sloy Dahl & Holst LLC's holdings in NVIDIA were worth $22,675,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. High Note Wealth LLC boosted its holdings in NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after acquiring an additional 91 shares during the last quarter. Kelly Financial Services LLC boosted its holdings in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after acquiring an additional 94 shares during the last quarter. Next Capital Management LLC boosted its holdings in NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after acquiring an additional 94 shares during the last quarter. Mendel Capital Management LLC boosted its holdings in NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after acquiring an additional 96 shares during the last quarter. Finally, Affiance Financial LLC boosted its holdings in NVIDIA by 0.7% in the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock valued at $1,479,000 after acquiring an additional 97 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Up 0.8%
Shares of NASDAQ NVDA traded up $1.29 during mid-day trading on Monday, reaching $168.31. 161,369,820 shares of the company's stock were exchanged, compared to its average volume of 172,462,880. The firm has a market capitalization of $4.09 trillion, a price-to-earnings ratio of 47.95, a PEG ratio of 1.21 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $172.94 and a 200 day simple moving average of $140.44. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates 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 firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 currently 1.14%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Needham & Company LLC reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Finally, Barclays increased their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $207.42.
View Our Latest Stock Analysis on NVDA
Insider Transactions at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the transaction, the chief executive officer directly owned 72,398,366 shares in the company, valued at approximately $12,286,726,693.86. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the transaction, the director owned 368,887 shares of the company's stock, valued at approximately $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is currently owned by insiders.
NVIDIA Company Profile
(
Free Report)
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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