Northstar Asset Management Inc. Decreases Stake in NVIDIA Corporation $NVDA

Northstar Asset Management Inc. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,470 shares of the computer hardware maker’s stock after selling 915 shares during the period. Northstar Asset Management Inc.’s holdings in NVIDIA were worth $1,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the 2nd quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at about $55,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the period. Westend Capital Management LLC raised its stake in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the first quarter worth about $51,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Barclays reiterated an “overweight” rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. HSBC set a $320.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Benchmark increased their price target on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Finally, Truist Financial lifted their price objective on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $240.49.

NVIDIA Stock Up 2.8%

NVDA opened at $186.52 on Thursday. The company has a fifty day moving average of $186.37 and a two-hundred day moving average of $167.48. The stock has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.14, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue for the quarter was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Wednesday, October 29th. The shares were 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 of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 over 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.