Brown Shipley& Co Ltd Lowers Stake in NVIDIA Corporation $NVDA

Brown Shipley& Co Ltd lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,164 shares of the computer hardware maker’s stock after selling 16,080 shares during the quarter. NVIDIA accounts for about 13.5% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 2nd biggest position. Brown Shipley& Co Ltd’s holdings in NVIDIA were worth $24,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% in 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 in the last quarter. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% in 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 in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.1%

Shares of NASDAQ NVDA opened at $179.83 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market capitalization of $4.37 trillion, a P/E ratio of 51.23, a P/E/G ratio of 1.30 and a beta of 2.12. 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 company’s 50 day simple moving average is $179.37 and its 200 day simple moving average is $151.96.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current 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. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Arete boosted their price target on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI boosted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Bank of America boosted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, UBS Group set a $320.00 price target on shares of NVIDIA in a research report on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $222.23.

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 that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,828,937 shares of company stock valued at $680,708,026. 4.17% of the stock is currently owned by insiders.

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.