Strategic Advocates LLC Lowers Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Strategic Advocates LLC decreased its holdings in NVIDIA Corporation by 17.6%, now owning 86,217 shares valued at approximately $9.34 million.
• Other investors, including MONECO Advisors LLC and Alberta Investment Management Corp, have increased their positions in NVIDIA, indicating strong institutional interest in the company's stock.
• NVIDIA reported impressive quarterly earnings of $1.05 EPS, surpassing estimates, with revenue growth of 55.6% year-over-year.

Strategic Advocates LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,217 shares of the computer hardware maker's stock after selling 18,437 shares during the period. NVIDIA makes up approximately 3.2% of Strategic Advocates LLC's investment portfolio, making the stock its 9th largest position. Strategic Advocates LLC's holdings in NVIDIA were worth $9,344,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MONECO Advisors LLC increased its stake in shares of NVIDIA by 2.0% during the first quarter. MONECO Advisors LLC now owns 110,058 shares of the computer hardware maker's stock worth $11,928,000 after purchasing an additional 2,173 shares during the period. ProVise Management Group LLC grew its holdings in NVIDIA by 11.5% in the 1st quarter. ProVise Management Group LLC now owns 11,220 shares of the computer hardware maker's stock valued at $1,216,000 after buying an additional 1,155 shares in the last quarter. Bank of Jackson Hole Trust increased its position in NVIDIA by 2.1% during the 1st quarter. Bank of Jackson Hole Trust now owns 44,275 shares of the computer hardware maker's stock worth $4,799,000 after buying an additional 912 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of NVIDIA by 17.1% during the first quarter. Alberta Investment Management Corp now owns 1,318,141 shares of the computer hardware maker's stock worth $142,860,000 after buying an additional 192,925 shares in the last quarter. Finally, Howland Capital Management LLC lifted its holdings in shares of NVIDIA by 7.1% during the first quarter. Howland Capital Management LLC now owns 481,443 shares of the computer hardware maker's stock worth $52,184,000 after buying an additional 31,967 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $174.18 on Monday. The business has a fifty day simple moving average of $170.83 and a 200 day simple moving average of $139.10. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10. 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 twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 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 business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent research reports. Craig Hallum raised their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday. Loop Capital increased their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group lifted their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,736,604 shares of company stock worth $878,806,839 in the last 90 days. Company insiders own 4.17% of the company's stock.

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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