Pacific Capital Wealth Advisors Inc. Reduces Position in NVIDIA Corporation $NVDA

Pacific Capital Wealth Advisors Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,251 shares of the computer hardware maker’s stock after selling 247 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in NVIDIA were worth $989,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during 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 position in shares of NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. raised its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $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 Stock Performance

Shares of NVDA opened at $176.67 on Monday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.29 trillion, a P/E ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10. The company has a 50-day moving average of $175.73 and a two-hundred day moving average of $143.85. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. 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 payout ratio is currently 1.14%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $156.39, for a total value of $11,729,250.00. Following the completion of the transaction, the chief executive officer owned 75,173,225 shares of the company’s stock, valued at $11,756,340,657.75. The trade was a 0.10% decrease in their ownership of the stock. 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 company’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 transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,914,341 shares of company stock valued at $662,228,310 over the last 90 days. Insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. New Street Research increased their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Jefferies Financial Group reissued a “buy” rating on shares of NVIDIA in a research report on Friday, September 12th. Finally, Wedbush restated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Four 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target 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.