NVIDIA Corporation $NVDA Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,317 shares of the computer hardware maker’s stock after selling 680 shares during the period. Wendell David Associates Inc.’s holdings in NVIDIA were worth $2,262,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the second quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the first 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 in the last quarter. Westend Capital Management LLC increased 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 buying an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at $51,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 2.7%

Shares of NASDAQ:NVDA opened at $188.54 on Thursday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock’s 50-day moving average is $184.84 and its 200-day moving average is $164.84. The company has a market cap of $4.58 trillion, a P/E ratio of 53.73, a P/E/G ratio of 1.49 and a beta of 2.11. 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 quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid 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 is 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Craig Hallum upped their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Stifel Nicolaus boosted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday, August 25th. JPMorgan Chase & Co. restated a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. Jefferies Financial Group boosted their price target on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Hsbc Global Res upgraded shares of 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 issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $237.74.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,326,577 shares of company stock worth $596,625,187. Company insiders own 4.17% of the company’s stock.

NVIDIA Company 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.