Patton Fund Management Inc. Sells 33,199 Shares of NVIDIA Corporation $NVDA

Patton Fund Management Inc. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 94.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,983 shares of the computer hardware maker’s stock after selling 33,199 shares during the quarter. Patton Fund Management Inc.’s holdings in NVIDIA were worth $313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Astoria Portfolio Advisors LLC. boosted its position in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its position in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC boosted its position in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its position in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc boosted its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $189.11 on Thursday. The stock has a 50-day simple moving average of $178.67 and a two-hundred day simple moving average of $149.57. The firm has a market capitalization of $4.60 trillion, a P/E ratio of 53.88, a PEG ratio of 1.34 and a beta of 2.12. 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 quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal 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, October 6th. The stock was sold at an average price of $185.79, for a total value of $13,934,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,898,491 shares of company stock worth $686,333,234 over the last 90 days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Daiwa Capital Markets increased their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. KeyCorp reiterated an “overweight” rating and set a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Needham & Company LLC reiterated a “buy” rating and set a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. Finally, DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Four investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.26.

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.