NVIDIA Corporation $NVDA Holdings Trimmed by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,473,927 shares of the computer hardware maker’s stock after selling 25,914 shares during the period. NVIDIA comprises about 7.4% of Salem Investment Counselors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Salem Investment Counselors Inc.’s holdings in NVIDIA were worth $232,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC grew its holdings in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock valued at $861,000 after buying an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. grew its holdings in NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker’s stock valued at $500,000 after buying an additional 77 shares in the last quarter. Earnest Partners LLC grew its holdings in NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker’s stock valued at $1,228,000 after buying an additional 81 shares in the last quarter. High Note Wealth LLC grew its holdings in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker’s stock valued at $1,937,000 after buying an additional 91 shares in the last quarter. Finally, Kelly Financial Services LLC grew its holdings in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 75,398,225 shares of the company’s stock, valued at $11,839,029,289.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,020,022 shares of company stock valued at $677,418,500 in the last quarter. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $176.67 on Friday. The firm has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50-day moving average of $175.73 and a two-hundred day moving average of $143.44. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted 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. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on NVDA. Bank of America upped their target price on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. New Street Research boosted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Wolfe Research lifted their price objective on NVIDIA from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein restated 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. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.