NVIDIA Corporation $NVDA Holdings Lowered by Global Wealth Strategies & Associates

Global Wealth Strategies & Associates trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 46.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,131 shares of the computer hardware maker’s stock after selling 4,447 shares during the period. NVIDIA comprises about 0.2% of Global Wealth Strategies & Associates’ holdings, making the stock its 27th biggest holding. Global Wealth Strategies & Associates’ holdings in NVIDIA were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. lifted its stake 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 worth $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC raised its position 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 worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its holdings in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Up 3.5%

Shares of NVDA opened at $176.24 on Friday. The business has a 50-day moving average of $175.50 and a 200 day moving average of $143.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 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 market cap of $4.28 trillion, a P/E ratio of 50.21, a price-to-earnings-growth ratio of 1.23 and a beta of 2.10.

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

NVIDIA Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the transaction, the director directly owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,819,522 shares of company stock valued at $642,506,300 over the last 90 days. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Stifel Nicolaus boosted their target price on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Morgan Stanley raised their target price on NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.47.

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.