Trinity Legacy Partners LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,154 shares of the computer hardware maker's stock after selling 3,210 shares during the period. NVIDIA comprises about 3.8% of Trinity Legacy Partners LLC's holdings, making the stock its 2nd largest position. Trinity Legacy Partners LLC's holdings in NVIDIA were worth $15,793,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in NVIDIA in the 2nd quarter worth about $11,376,000. Hardman Johnston Global Advisors LLC increased its holdings in shares of NVIDIA by 18.1% during the 2nd quarter. Hardman Johnston Global Advisors LLC now owns 681,931 shares of the computer hardware maker's stock valued at $107,738,000 after acquiring an additional 104,417 shares during the last quarter. Investment Planning Advisors Inc. increased its holdings in shares of NVIDIA by 14.4% during the 2nd quarter. Investment Planning Advisors Inc. now owns 2,712 shares of the computer hardware maker's stock valued at $429,000 after acquiring an additional 342 shares during the last quarter. Triad Wealth Partners LLC increased its holdings in shares of NVIDIA by 56.9% during the 2nd quarter. Triad Wealth Partners LLC now owns 46,888 shares of the computer hardware maker's stock valued at $7,408,000 after acquiring an additional 17,000 shares during the last quarter. Finally, Red Mountain Financial LLC increased its holdings in shares of NVIDIA by 18.8% during the 2nd quarter. Red Mountain Financial LLC now owns 27,078 shares of the computer hardware maker's stock valued at $4,278,000 after acquiring an additional 4,288 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $183.22 on Monday. The business has a 50 day moving average price of $179.40 and a 200 day moving average price of $153.63. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The company has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.20, a PEG 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 (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. HSBC set a $320.00 price objective on NVIDIA and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley increased their price objective on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the company an "overweight" rating in a report on Thursday, October 9th. Finally, Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $222.23.
Read Our Latest Stock Analysis on NVIDIA
Insider Activity
In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the transaction, the chief executive officer directly owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 3,678,937 shares of company stock worth $654,837,526 in the last quarter. 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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