Smith Chas P & Associates PA Cpas Sells 1,505 Shares of NVIDIA Corporation $NVDA

Smith Chas P & Associates PA Cpas reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,622 shares of the computer hardware maker's stock after selling 1,505 shares during the quarter. Smith Chas P & Associates PA Cpas' holdings in NVIDIA were worth $2,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. boosted its stake in shares of NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares during the period. HFG Wealth Management LLC lifted its position in shares of NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after buying an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC boosted its position in shares of NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after purchasing an additional 69 shares in the last quarter. Burkett Financial Services LLC boosted its position in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after purchasing an additional 70 shares in the last quarter. Finally, Guided Capital Wealth Management LLC raised its stake in NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after acquiring an additional 70 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Daiwa Capital Markets lifted their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. KeyCorp reiterated an "overweight" rating and issued a $250.00 price objective (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the stock a "buy" rating in a research note on Monday, October 6th. Truist Financial upped their price objective on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $213.37.

NVIDIA Stock Up 2.8%

NVDA opened at $188.32 on Tuesday. The stock has a market capitalization of $4.58 trillion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. 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 business's 50-day simple moving average is $179.32 and its 200-day simple moving average is $151.57. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 firm 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%.The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's payout ratio is currently 1.14%.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $190.20, for a total value of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock worth $665,807,776 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Company Profile

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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