W.H. Cornerstone Investments Inc. Sells 1,661 Shares of NVIDIA Corporation $NVDA

W.H. Cornerstone Investments Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 26.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,556 shares of the computer hardware maker’s stock after selling 1,661 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in NVIDIA were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. High Note Wealth LLC increased its stake in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock worth $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC increased its stake in shares of NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock worth $513,000 after purchasing an additional 94 shares in the last quarter. Next Capital Management LLC increased its stake in shares of NVIDIA by 0.8% in the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker’s stock worth $1,364,000 after purchasing an additional 94 shares in the last quarter. Mendel Capital Management LLC increased its stake in shares of NVIDIA by 0.8% in the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker’s stock worth $1,287,000 after purchasing an additional 96 shares in the last quarter. Finally, Affiance Financial LLC increased its stake in shares of NVIDIA by 0.7% in the first 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 in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 20,000 shares of the business’s 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 $3,561,200.00. Following the completion of the sale, the chief financial officer directly owned 153,060 shares in the company, valued at approximately $27,253,863.60. The trade was a 11.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,951,604 shares of company stock valued at $772,854,889. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 0.1%

Shares of NVDA opened at $170.62 on Thursday. The firm has a market cap of $4.15 trillion, a price-to-earnings ratio of 48.61, a PEG ratio of 1.30 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a 50 day moving average price of $172.21 and a 200-day moving average price of $139.78.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. KeyCorp reaffirmed an “overweight” rating and set a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Truist Financial boosted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wedbush reaffirmed an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Bank of America boosted their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.69.

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.