Profit Investment Management LLC Sells 417 Shares of NVIDIA Corporation $NVDA

Profit Investment Management LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,309 shares of the computer hardware maker’s stock after selling 417 shares during the period. NVIDIA makes up about 1.9% of Profit Investment Management LLC’s holdings, making the stock its 22nd biggest position. Profit Investment Management LLC’s holdings in NVIDIA were worth $2,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ullmann Wealth Partners Group LLC raised its position in shares of NVIDIA by 16.6% in the second quarter. Ullmann Wealth Partners Group LLC now owns 27,092 shares of the computer hardware maker’s stock valued at $4,280,000 after purchasing an additional 3,852 shares during the period. Baugh & Associates LLC bought a new stake in shares of NVIDIA in the second quarter valued at approximately $704,000. Lincoln Capital LLC raised its position in shares of NVIDIA by 9.0% in the second quarter. Lincoln Capital LLC now owns 6,037 shares of the computer hardware maker’s stock valued at $954,000 after purchasing an additional 498 shares during the period. Orrstown Financial Services Inc. raised its position in shares of NVIDIA by 2.2% in the second quarter. Orrstown Financial Services Inc. now owns 26,822 shares of the computer hardware maker’s stock valued at $4,238,000 after purchasing an additional 573 shares during the period. Finally, Bouvel Investment Partners LLC increased its holdings in NVIDIA by 3.2% during the 2nd quarter. Bouvel Investment Partners LLC now owns 76,961 shares of the computer hardware maker’s stock worth $12,159,000 after acquiring an additional 2,408 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $166.00, for a total value of $12,450,000.00. Following the transaction, the chief executive officer owned 74,723,225 shares in the company, valued at approximately $12,404,055,350. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,148,818 shares of company stock worth $720,112,070 in the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $181.85 on Tuesday. 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 firm has a market capitalization of $4.42 trillion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The business’s 50-day moving average price is $176.81 and its 200-day moving average price is $146.62. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for 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 was up 55.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast 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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Wedbush reaffirmed an “outperform” rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. New Street Research boosted their target price on NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $210.21.

NVIDIA 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.