Main Street Group LTD Sells 402 Shares of NVIDIA Corporation $NVDA

Main Street Group LTD lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,745 shares of the computer hardware maker’s stock after selling 402 shares during the period. NVIDIA makes up about 0.6% of Main Street Group LTD’s portfolio, making the stock its 19th largest holding. Main Street Group LTD’s holdings in NVIDIA were worth $1,698,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Kathleen S. Wright Associates Inc. lifted its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the period. Westend Capital Management LLC lifted its holdings in shares of NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of 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 acquiring an additional 327 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $187.62 on Friday. The company has a 50 day moving average of $178.11 and a 200 day moving average of $148.15. The stock has a market cap of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last issued 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 during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the company 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. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the completion of the sale, the chief executive officer owned 71,083,203 shares of the company’s stock, valued at approximately $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,097,407 shares of company stock valued at $714,378,504. Company insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Craig Hallum upped their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. New Street Research increased their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Citigroup restated a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of NVIDIA in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.