Westmount Partners LLC trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,460 shares of the computer hardware maker's stock after selling 8,938 shares during the quarter. NVIDIA makes up 3.2% of Westmount Partners LLC's investment portfolio, making the stock its 5th largest position. Westmount Partners LLC's holdings in NVIDIA were worth $11,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Activity at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $156.39, for a total transaction of $11,729,250.00. Following the completion of the transaction, the chief executive officer directly owned 75,173,225 shares of the company's stock, valued at approximately $11,756,340,657.75. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,914,341 shares of company stock valued at $662,228,310. Insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $176.67 on Monday. The firm has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.28 and a beta of 2.10. 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 stock has a 50-day simple moving average of $175.73 and a two-hundred day simple moving average of $143.85. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.
Wall Street Analysts Forecast Growth
NVDA has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday. Rosenblatt Securities raised their target price on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $208.47.
Read Our Latest Stock Analysis on NVIDIA
NVIDIA Company Profile
(
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.
See Also
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
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