LaFleur & Godfrey LLC Lowers Position in NVIDIA Corporation $NVDA

LaFleur & Godfrey LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the computer hardware maker’s stock after selling 175 shares during the quarter. LaFleur & Godfrey LLC’s holdings in NVIDIA were worth $474,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NVDA. Sentinel Pension Advisors LLC increased its holdings in shares of NVIDIA by 4.1% during the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock valued at $433,000 after acquiring an additional 107 shares in the last quarter. Financial Harvest LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at approximately $1,664,000. KFG Wealth Management LLC lifted its position in shares of NVIDIA by 5.5% during the 2nd quarter. KFG Wealth Management LLC now owns 17,920 shares of the computer hardware maker’s stock valued at $2,831,000 after buying an additional 936 shares in the last quarter. Friday Financial lifted its position in shares of NVIDIA by 17.9% during the 2nd quarter. Friday Financial now owns 4,211 shares of the computer hardware maker’s stock valued at $665,000 after buying an additional 639 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its stake in NVIDIA by 5.1% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 33,041 shares of the computer hardware maker’s stock valued at $5,220,000 after purchasing an additional 1,603 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 0.4%

NASDAQ:NVDA opened at $187.24 on Thursday. The company has a market cap of $4.55 trillion, a PE ratio of 53.34, a P/E/G ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $188.14. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $177.52 and its two-hundred day moving average is $147.17.

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, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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. 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 (DPR) is presently 1.14%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVDA shares. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Wolfe Research raised their target price on NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Evercore ISI boosted their price objective on NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, August 27th. Finally, Wells Fargo & Company boosted their target price on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Four 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.00.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at $12,269,182,261. 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 4,022,407 shares of company stock worth $700,382,754 over the last three months. Corporate insiders own 4.17% of the company’s stock.

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.