Cherrydale Wealth Management LLC Sells 196 Shares of NVIDIA Corporation $NVDA

Cherrydale Wealth Management LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,269 shares of the computer hardware maker’s stock after selling 196 shares during the period. NVIDIA makes up 1.2% of Cherrydale Wealth Management LLC’s portfolio, making the stock its 13th largest position. Cherrydale Wealth Management LLC’s holdings in NVIDIA were worth $3,360,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new stake in NVIDIA during the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its holdings in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.4%

NASDAQ:NVDA opened at $187.24 on Thursday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $188.14. The firm’s 50-day moving average price is $177.52 and its 200-day moving average price is $147.17. The company has a market capitalization of $4.55 trillion, a PE ratio of 53.34, a P/E/G ratio of 1.35 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities 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. 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 of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio is 1.14%.

Analysts Set New Price Targets

Several research analysts have commented on NVDA shares. Evercore ISI upped their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the sale, the chief executive officer directly owned 71,233,203 shares of the company’s stock, valued at approximately $12,988,662,235.02. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Persis Drell sold 40,000 shares of the 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 sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,022,407 shares of company stock worth $700,382,754 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

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.