NVIDIA Corporation $NVDA Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDAFree Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,273 shares of the computer hardware maker’s stock after selling 1,421 shares during the quarter. NVIDIA makes up 2.9% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 6th largest position. Ipswich Investment Management Co. Inc.’s holdings in NVIDIA were worth $12,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pachira Investments Inc. increased its position in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after purchasing an additional 63 shares during the period. HFG Wealth Management LLC increased its position in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its position in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after purchasing an additional 69 shares during the period. Burkett Financial Services LLC increased its position in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC increased its position in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock worth $4,401,000 after purchasing an additional 70 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on NVDA shares. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Morgan Stanley boosted their target price on NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $211.26.

Check Out Our Latest Stock Report on NVDA

NVIDIA Trading Up 2.2%

NASDAQ:NVDA opened at $189.11 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.60 trillion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The business’s 50-day simple moving average is $178.67 and its 200-day simple moving average is $149.57.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 EPS. 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. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $185.79, for a total value of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares in the company, valued at approximately $13,164,745,535.37. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,898,491 shares of company stock worth $686,333,234 in the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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