Fortis Capital Advisors LLC Cuts Stock Position in NVIDIA Corporation $NVDA

Fortis Capital Advisors LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,161 shares of the computer hardware maker’s stock after selling 767 shares during the period. NVIDIA makes up 4.6% of Fortis Capital Advisors LLC’s portfolio, making the stock its 6th biggest position. Fortis Capital Advisors LLC’s holdings in NVIDIA were worth $22,513,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NVDA. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% in the 1st 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 last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% in the 1st 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 last quarter. Finally, Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Citigroup lowered their price target on NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Jefferies Financial Group boosted their price target on NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Finally, DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $210.00 in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.83.

NVIDIA Stock Performance

NVDA opened at $177.82 on Friday. The business has a fifty day simple moving average of $174.42 and a 200 day simple moving average of $141.65. The company has a market capitalization of $4.32 trillion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.

Insiders Place Their Bets

In other news, Director Dawn E. Hudson sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their position. The transaction 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 Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. Corporate insiders own 4.17% of the company’s stock.

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.