Palisades Hudson Asset Management L.P. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,377 shares of the computer hardware maker's stock after selling 1,532 shares during the period. NVIDIA makes up 1.4% of Palisades Hudson Asset Management L.P.'s portfolio, making the stock its 19th largest position. Palisades Hudson Asset Management L.P.'s holdings in NVIDIA were worth $3,184,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Liberty Wealth Management LLC increased its holdings in shares of NVIDIA by 876.4% in the first quarter. Liberty Wealth Management LLC now owns 962,095 shares of the computer hardware maker's stock worth $104,272,000 after buying an additional 863,563 shares during the period. Bank of Nova Scotia Trust Co. increased its stake in NVIDIA by 6.3% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 11,176 shares of the computer hardware maker's stock worth $1,211,000 after purchasing an additional 664 shares during the period. Malaga Cove Capital LLC increased its stake in NVIDIA by 0.6% in the 1st quarter. Malaga Cove Capital LLC now owns 22,704 shares of the computer hardware maker's stock worth $2,461,000 after purchasing an additional 146 shares during the period. Pathway Financial Advisers LLC lifted its position in NVIDIA by 4.3% in the first quarter. Pathway Financial Advisers LLC now owns 14,369 shares of the computer hardware maker's stock valued at $1,557,000 after purchasing an additional 591 shares during the last quarter. Finally, R Squared Ltd boosted its stake in shares of NVIDIA by 204.1% during the first quarter. R Squared Ltd now owns 6,480 shares of the computer hardware maker's stock valued at $702,000 after purchasing an additional 4,349 shares during the period. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Up 0.6%
NVDA traded up $1.04 during trading on Thursday, reaching $171.66. The stock had a trading volume of 140,239,481 shares, compared to its average volume of 238,167,859. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 48.91, a P/E/G ratio of 1.30 and a beta of 2.10. The stock's 50 day moving average is $172.21 and its two-hundred day moving average is $139.78. NVIDIA Corporation has a one year low of $86.62 and a one 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, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid 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%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on NVDA shares. Needham & Company LLC reiterated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Morgan Stanley boosted their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Finally, Rosenblatt Securities increased their price objective on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $207.69.
Check Out Our Latest Stock Report on NVIDIA
Insider Buying and Selling at NVIDIA
In other news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,951,604 shares of company stock valued at $772,854,889 over the last ninety days. Company insiders own 4.17% of the company's stock.
About NVIDIA
(
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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