NVIDIA Corporation $NVDA Stock Holdings Lessened by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,750 shares of the computer hardware maker’s stock after selling 5,476 shares during the quarter. NVIDIA makes up 6.2% of Cigna Investments Inc. New’s investment portfolio, making the stock its largest position. Cigna Investments Inc. New’s holdings in NVIDIA were worth $36,614,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Copia Wealth Management purchased a new position in shares of NVIDIA during the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the period. Finally, Campbell Capital Management Inc. increased its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 0.7%

Shares of NVDA stock opened at $187.62 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05. The stock has a market cap of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. 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 company has a 50 day simple moving average of $178.11 and a two-hundred day simple moving average of $148.36.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on NVDA. DA Davidson upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and boosted their price target for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Rosenblatt Securities reissued a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.00.

Insider Activity

In other news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares of the company’s stock, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on 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 completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 4,097,407 shares of company stock valued at $714,378,504. 4.17% of the stock is currently owned by company insiders.

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.