Hartmann Taylor Wealth Management LLC Sells 586 Shares of NVIDIA Corporation $NVDA

Hartmann Taylor Wealth Management LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,547 shares of the computer hardware maker’s stock after selling 586 shares during the period. NVIDIA comprises about 1.3% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Hartmann Taylor Wealth Management LLC’s holdings in NVIDIA were worth $1,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capstone Capital LLC lifted its stake in NVIDIA by 3.9% in the 2nd quarter. Capstone Capital LLC now owns 3,838 shares of the computer hardware maker’s stock valued at $606,000 after purchasing an additional 143 shares during the last quarter. EWG Elevate Inc. lifted its stake in NVIDIA by 4.3% in the 2nd quarter. EWG Elevate Inc. now owns 6,023 shares of the computer hardware maker’s stock valued at $952,000 after purchasing an additional 247 shares during the last quarter. Lynch & Associates IN lifted its stake in NVIDIA by 22.7% in the 2nd quarter. Lynch & Associates IN now owns 7,762 shares of the computer hardware maker’s stock valued at $1,226,000 after purchasing an additional 1,435 shares during the last quarter. Kentucky Trust Co lifted its stake in NVIDIA by 2.1% in the 2nd quarter. Kentucky Trust Co now owns 17,826 shares of the computer hardware maker’s stock valued at $2,816,000 after purchasing an additional 360 shares during the last quarter. Finally, Northside Capital Management LLC lifted its stake in NVIDIA by 7.6% in the 2nd quarter. Northside Capital Management LLC now owns 41,861 shares of the computer hardware maker’s stock valued at $6,614,000 after purchasing an additional 2,943 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

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 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 transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at $12,269,182,261. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,097,407 shares of company stock valued at $714,378,504. Corporate insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup reissued a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday. New Street Research upped their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, September 12th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Mizuho upped their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Four investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $211.00.

NVIDIA Trading Down 0.7%

NASDAQ:NVDA opened at $187.62 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.56 trillion, a price-to-earnings ratio of 53.45, a PEG ratio of 1.36 and a beta of 2.12. The firm has a fifty day simple moving average of $178.11 and a two-hundred day simple moving average of $148.36. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

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.