TFC Financial Management Inc. Sells 1,743 Shares of NVIDIA Corporation $NVDA

TFC Financial Management Inc. reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 9.1% in the second quarter, Holdings Channel.com reports. The fund owned 17,354 shares of the computer hardware maker’s stock after selling 1,743 shares during the quarter. NVIDIA comprises about 0.4% of TFC Financial Management Inc.’s portfolio, making the stock its 23rd largest holding. TFC Financial Management Inc.’s holdings in NVIDIA were worth $2,742,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the 2nd quarter worth about $28,000. Kathleen S. Wright Associates Inc. grew its stake in 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 acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $51,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Rosenblatt Securities raised their price objective on NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. New Street Research reaffirmed a “buy” rating and issued a $307.00 price objective on shares of NVIDIA in a research note on Thursday, October 30th. Loop Capital increased their target price on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Citigroup restated a “buy” rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Five analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $233.75.

NVIDIA Stock Up 0.0%

NASDAQ:NVDA opened at $188.15 on Monday. The company’s 50-day simple moving average is $183.43 and its 200-day simple moving average is $163.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The stock has a market capitalization of $4.57 trillion, a P/E ratio of 53.60, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm 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 was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This trade represents a 0.97% 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, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,401,577 shares of company stock valued at $610,228,687 in the last three months. 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.