Harrington Investments INC Has $1.19 Million Stake in NVIDIA Corporation $NVDA

Harrington Investments INC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,515 shares of the computer hardware maker’s stock after selling 530 shares during the quarter. Harrington Investments INC’s holdings in NVIDIA were worth $1,187,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Kathleen S. Wright Associates Inc. lifted its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC lifted its position in 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 buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. lifted its position in 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 buying an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on 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 completion of 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 trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,022,407 shares of company stock valued at $700,382,754. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA stock opened at $187.24 on Thursday. The firm has a market cap of $4.55 trillion, a price-to-earnings ratio of 53.34, a PEG ratio of 1.35 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $188.14. The company’s fifty day simple moving average is $177.52 and its 200 day simple moving average is $147.17.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. 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, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. 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 payout ratio is 1.14%.

Analysts Set New Price Targets

NVDA has been the topic of a number of research analyst reports. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, September 5th. Needham & Company LLC restated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, BNP Paribas raised shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.00.

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.