Allen Mooney & Barnes Investment Advisors LLC Sells 462 Shares of NVIDIA Corporation $NVDA

Allen Mooney & Barnes Investment Advisors LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,883 shares of the computer hardware maker’s stock after selling 462 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in NVIDIA were worth $1,719,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NVIDIA by 11.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker’s stock valued at $26,978,618,000 after purchasing an additional 20,494,402 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Nuveen LLC bought a new stake in NVIDIA in the first quarter valued at about $15,089,414,000. Finally, Amundi increased its holdings in NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 0.2%

NVIDIA stock opened at $176.67 on Friday. The stock has a market cap of $4.29 trillion, a P/E ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10. 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’s fifty day moving average price is $175.73 and its 200-day moving average price is $143.44.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.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 prior year, the firm earned $0.68 earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wedbush restated an “outperform” rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and upped their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $225.00 target price (up previously from $185.00) 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, Citigroup decreased their price target on NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.47.

Insider Activity

In other news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $157.02, for a total transaction of $11,776,500.00. Following the sale, the chief executive officer owned 75,398,225 shares of the company’s stock, valued at approximately $11,839,029,289.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is currently owned by insiders.

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.