Painted Porch Advisors LLC Sells 734 Shares of NVIDIA Corporation $NVDA

Painted Porch Advisors LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,097 shares of the computer hardware maker’s stock after selling 734 shares during the quarter. Painted Porch Advisors LLC’s holdings in NVIDIA were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Narus Financial Partners LLC raised its holdings in shares of NVIDIA by 6.0% in the 2nd quarter. Narus Financial Partners LLC now owns 40,524 shares of the computer hardware maker’s stock worth $6,402,000 after purchasing an additional 2,306 shares during the period. Chico Wealth RIA raised its holdings in shares of NVIDIA by 34.8% in the 2nd quarter. Chico Wealth RIA now owns 2,943 shares of the computer hardware maker’s stock worth $465,000 after purchasing an additional 760 shares during the period. Rooted Wealth Advisors Inc. raised its holdings in shares of NVIDIA by 2.3% in the 2nd quarter. Rooted Wealth Advisors Inc. now owns 17,409 shares of the computer hardware maker’s stock worth $2,871,000 after purchasing an additional 393 shares during the period. Lewis Asset Management LLC raised its holdings in shares of NVIDIA by 8.5% in the 2nd quarter. Lewis Asset Management LLC now owns 114,087 shares of the computer hardware maker’s stock worth $18,025,000 after purchasing an additional 8,910 shares during the period. Finally, Toth Financial Advisory Corp raised its holdings in shares of NVIDIA by 22.7% in the 2nd quarter. Toth Financial Advisory Corp now owns 39,179 shares of the computer hardware maker’s stock worth $6,190,000 after purchasing an additional 7,243 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.5%

Shares of NASDAQ:NVDA opened at $186.44 on Wednesday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $187.35. The firm has a fifty day moving average of $177.20 and a 200 day moving average of $146.90. The firm has a market capitalization of $4.53 trillion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 1.32 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 (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 the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 is presently 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,022,407 shares of company stock valued at $700,382,754. 4.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a report on Tuesday, September 23rd. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. New Street Research boosted their target price on shares of NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Stifel Nicolaus boosted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday, August 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given 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 currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

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.