Sterling Investment Counsel LLC Cuts Stock Holdings in NVIDIA Corporation $NVDA

Sterling Investment Counsel LLC lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,427 shares of the computer hardware maker's stock after selling 12,351 shares during the period. NVIDIA makes up 2.6% of Sterling Investment Counsel LLC's holdings, making the stock its 8th largest position. Sterling Investment Counsel LLC's holdings in NVIDIA were worth $4,491,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Abundance Wealth Counselors raised its stake in NVIDIA by 0.5% during the 2nd quarter. Abundance Wealth Counselors now owns 79,527 shares of the computer hardware maker's stock valued at $12,875,000 after acquiring an additional 375 shares in the last quarter. Quattro Financial Advisors LLC raised its stake in NVIDIA by 2.1% during the 2nd quarter. Quattro Financial Advisors LLC now owns 18,133 shares of the computer hardware maker's stock valued at $2,865,000 after acquiring an additional 375 shares in the last quarter. Atwater Malick LLC raised its stake in NVIDIA by 0.9% during the 2nd quarter. Atwater Malick LLC now owns 9,372 shares of the computer hardware maker's stock valued at $1,481,000 after acquiring an additional 83 shares in the last quarter. Warner Financial Inc. raised its stake in NVIDIA by 2.3% during the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock valued at $460,000 after acquiring an additional 66 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its stake in NVIDIA by 30.9% during the 2nd quarter. Verus Financial Partners Inc. now owns 2,586 shares of the computer hardware maker's stock valued at $421,000 after acquiring an additional 611 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,828,937 shares of company stock worth $682,264,276. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Down 0.3%

Shares of NVIDIA stock opened at $182.64 on Tuesday. The stock's fifty day moving average is $179.41 and its 200-day moving average is $154.25. The firm has a market capitalization of $4.44 trillion, a PE ratio of 52.03, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. UBS Group set a $320.00 price objective on NVIDIA in a research note on Wednesday, October 15th. Stifel Nicolaus boosted their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Finally, Daiwa Capital Markets boosted their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $222.23.

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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