Ninepoint Partners LP Cuts Holdings in NVIDIA Corporation $NVDA

Ninepoint Partners LP trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 33.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,033 shares of the computer hardware maker’s stock after selling 8,658 shares during the quarter. Ninepoint Partners LP’s holdings in NVIDIA were worth $1,846,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Northern Financial Advisors Inc increased its holdings in NVIDIA by 2.1% during the first quarter. Northern Financial Advisors Inc now owns 18,132 shares of the computer hardware maker’s stock valued at $1,965,000 after buying an additional 376 shares during the period. Pinnacle Associates Ltd. increased its holdings in NVIDIA by 1.4% during the first quarter. Pinnacle Associates Ltd. now owns 910,685 shares of the computer hardware maker’s stock valued at $98,700,000 after buying an additional 12,256 shares during the period. Dorsey Wright & Associates increased its holdings in NVIDIA by 4.1% during the first quarter. Dorsey Wright & Associates now owns 110,570 shares of the computer hardware maker’s stock valued at $11,984,000 after buying an additional 4,370 shares during the period. BG Investment Services Inc. increased its holdings in NVIDIA by 68.0% during the first quarter. BG Investment Services Inc. now owns 8,481 shares of the computer hardware maker’s stock valued at $934,000 after buying an additional 3,433 shares during the period. Finally, Opes Wealth Management LLC increased its holdings in NVIDIA by 5.1% during the first quarter. Opes Wealth Management LLC now owns 32,363 shares of the computer hardware maker’s stock valued at $3,507,000 after buying an additional 1,579 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVDA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a report on Monday. Jefferies Financial Group lifted their price target on shares of NVIDIA from $185.00 to $200.00 in a report on Wednesday, July 16th. UBS Group lifted their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, May 29th. Finally, Oppenheimer lifted their price target on shares of NVIDIA from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $191.78.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 0.2%

NASDAQ:NVDA opened at $174.98 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The firm has a fifty day simple moving average of $166.63 and a 200-day simple moving average of $136.90. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.27 trillion, a P/E ratio of 56.45, a PEG ratio of 1.54 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.29%.

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.