NVIDIA Corporation $NVDA Shares Sold by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,365 shares of the computer hardware maker’s stock after selling 734 shares during the quarter. NVIDIA makes up approximately 1.0% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 17th largest position. Whitaker Myers Wealth Managers LTD.’s holdings in NVIDIA were worth $3,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its position in 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 buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $176.24 on Friday. The company has a fifty day simple moving average of $175.50 and a 200 day simple moving average of $143.02. The stock has a market cap of $4.28 trillion, a P/E ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) 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 analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction that occurred 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 transaction, the director directly owned 7,749,803 shares of the company’s stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen C. Neal sold 28,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the sale, the director directly owned 143,410 shares in the company, valued at approximately $25,466,747.80. The trade was a 16.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,819,522 shares of company stock valued at $642,506,300. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVDA shares. Robert W. Baird increased their price target on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Daiwa Capital Markets lifted their target price on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI boosted their target price on NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, August 22nd. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Finally, Benchmark boosted their price target on NVIDIA from $190.00 to $220.00 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-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.47.

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.