Sonora Investment Management Group LLC Has $16.70 Million Holdings in NVIDIA Corporation $NVDA

Sonora Investment Management Group LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,668 shares of the computer hardware maker’s stock after selling 6,306 shares during the quarter. NVIDIA accounts for approximately 1.2% of Sonora Investment Management Group LLC’s holdings, making the stock its 23rd largest holding. Sonora Investment Management Group LLC’s holdings in NVIDIA were worth $16,695,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its holdings in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in NVIDIA by 3.3% during the 1st quarter. Harbor Investment Advisory LLC now owns 74,187 shares of the computer hardware maker’s stock worth $8,040,000 after purchasing an additional 2,372 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 4.9%

NVIDIA stock opened at $183.16 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. The stock has a 50-day simple moving average of $179.16 and a 200 day simple moving average of $150.75.

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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter last year, the company posted $0.68 earnings per share. NVIDIA’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 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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 dividend payout ratio (DPR) is 1.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NVDA shares. Mizuho increased their target price on NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Truist Financial raised their price objective on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Stifel Nicolaus raised their price objective on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday, August 25th. Wolfe Research raised their price objective on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Finally, Robert W. Baird raised their price objective on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given 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, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $212.84.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the firm’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 transaction of $5,380,200.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company’s stock, valued at $13,420,170,210.60. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,925,379 shares of company stock valued at $694,277,421 over the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA 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.