J.P. Marvel Investment Advisors LLC Trims Stake in NVIDIA Corporation $NVDA

J.P. Marvel Investment Advisors LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,610 shares of the computer hardware maker’s stock after selling 66,144 shares during the period. NVIDIA accounts for 10.9% of J.P. Marvel Investment Advisors LLC’s investment portfolio, making the stock its largest holding. J.P. Marvel Investment Advisors LLC’s holdings in NVIDIA were worth $63,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. High Note Wealth LLC increased its position in shares of NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after purchasing an additional 91 shares during the last quarter. Kelly Financial Services LLC grew its stake in shares of NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after acquiring an additional 94 shares during the period. Next Capital Management LLC grew its stake in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker’s stock worth $1,364,000 after acquiring an additional 94 shares during the period. Mendel Capital Management LLC grew its stake in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after acquiring an additional 96 shares during the period. Finally, Affiance Financial LLC boosted its stake in NVIDIA by 0.7% in the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker’s stock worth $1,479,000 after purchasing an additional 97 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on NVDA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday, August 18th. Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, May 29th. BNP Paribas raised NVIDIA to a “hold” rating in a research note on Friday, August 1st. Wedbush lifted their price target on NVIDIA from $175.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC lifted their price objective on NVIDIA from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.44.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock valued at $902,886,782 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.7%

NVDA stock opened at $177.99 on Monday. The stock has a market capitalization of $4.34 trillion, a P/E ratio of 57.42, a P/E/G ratio of 1.56 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The business has a fifty day moving average price of $167.35 and a 200-day moving average price of $137.46.

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 analysts’ consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm’s revenue was up 69.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.