Palisades Hudson Asset Management L.P. Sells 1,532 Shares of NVIDIA Corporation $NVDA

Palisades Hudson Asset Management L.P. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,377 shares of the computer hardware maker’s stock after selling 1,532 shares during the quarter. NVIDIA accounts for approximately 1.4% of Palisades Hudson Asset Management L.P.’s investment portfolio, making the stock its 19th largest holding. Palisades Hudson Asset Management L.P.’s holdings in NVIDIA were worth $3,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter worth $50,000. LSV Asset Management purchased a new position in shares of NVIDIA during the fourth quarter valued at $54,000. Kathleen S. Wright Associates Inc. increased its stake 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 valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reissued a “buy” rating and set a $210.00 target price (up previously from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. KeyCorp reissued an “overweight” rating and set a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Finally, Evercore ISI raised their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $207.69.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,801,604 shares of company stock valued at $747,046,639 over the last quarter. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Down 2.0%

NVDA stock opened at $170.78 on Wednesday. The firm has a 50 day moving average of $171.89 and a 200 day moving average of $139.57. The stock has a market capitalization of $4.15 trillion, a PE ratio of 48.66, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

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.