Taylor Hoffman Capital Management LLC Has $1.79 Million Position in NVIDIA Corporation $NVDA

Taylor Hoffman Capital Management LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the computer hardware maker’s stock after selling 65 shares during the period. Taylor Hoffman Capital Management LLC’s holdings in NVIDIA were worth $1,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. boosted its position in shares of NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group boosted its position in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after buying an additional 943 shares during the period. GSB Wealth Management LLC raised its holdings in NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its position in NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc boosted its position in NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVDA. Needham & Company LLC reissued a “buy” rating and set a $200.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and increased their price target for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. Finally, Wolfe Research increased their price target on NVIDIA from $220.00 to $230.00 in a research report on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.76.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,203,905 shares of company stock valued at $722,009,402 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 2.8%

Shares of NASDAQ:NVDA opened at $178.43 on Wednesday. The company has a market capitalization of $4.34 trillion, a P/E ratio of 50.83, a P/E/G ratio of 1.33 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55. 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’s 50 day simple moving average is $176.28 and its 200 day simple moving average is $144.59.

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

NVIDIA Announces Dividend

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

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.