Elite Life Management LLC Sells 1,143 Shares of NVIDIA Corporation $NVDA

Elite Life Management LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 7.9% during the second quarter, HoldingsChannel reports. The firm owned 13,355 shares of the computer hardware maker’s stock after selling 1,143 shares during the quarter. NVIDIA comprises approximately 5.4% of Elite Life Management LLC’s holdings, making the stock its 5th biggest position. Elite Life Management LLC’s holdings in NVIDIA were worth $2,110,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $28,000. Kathleen S. Wright Associates Inc. grew its holdings 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 valued at $44,000 after buying an additional 254 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 2nd quarter worth approximately $55,000. Campbell Capital Management Inc. lifted its holdings in shares of NVIDIA by 5,900.0% during the first 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. Finally, Westend Capital Management LLC lifted its holdings in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVDA shares. CICC Research boosted their target price on shares of NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Benchmark raised their price target on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Citic Securities lifted their target price on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $258.19.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,177,203 shares of company stock worth $570,171,004 in the last quarter. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.4%

NVDA stock opened at $180.26 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $186.90 and its 200-day moving average is $169.81. The firm has a market cap of $4.38 trillion, a P/E ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 0.99%.

NVIDIA 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.