Progressive Investment Management Corp Sells 4,170 Shares of NVIDIA Corporation $NVDA

Progressive Investment Management Corp lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 210,313 shares of the computer hardware maker’s stock after selling 4,170 shares during the period. NVIDIA accounts for about 8.5% of Progressive Investment Management Corp’s holdings, making the stock its 2nd biggest holding. Progressive Investment Management Corp’s holdings in NVIDIA were worth $33,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. lifted its stake in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares in the last quarter. Fielder Capital Group LLC lifted its position in shares of NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp lifted its position in shares of NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Sentinel Pension Advisors LLC boosted its holdings in NVIDIA by 4.1% during the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after purchasing an additional 107 shares during the last quarter. Finally, ORG Wealth Partners LLC grew its position in NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after purchasing an additional 3,542 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NVDA shares. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. HSBC set a $320.00 price target on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Wedbush reaffirmed an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Jefferies Financial Group raised their target price on shares of NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Barclays reaffirmed an “overweight” rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $234.00.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,401,577 shares of company stock valued at $610,228,687. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 5.8%

Shares of NVDA opened at $199.05 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The firm’s 50 day moving average is $183.93 and its 200-day moving average is $164.05. The stock has a market capitalization of $4.84 trillion, a PE ratio of 56.71, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.

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.