NVIDIA Corporation $NVDA is Forbes J M & Co. LLP’s 3rd Largest Position

Forbes J M & Co. LLP decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405,757 shares of the computer hardware maker’s stock after selling 57,993 shares during the quarter. NVIDIA accounts for approximately 5.9% of Forbes J M & Co. LLP’s holdings, making the stock its 3rd biggest position. Forbes J M & Co. LLP’s holdings in NVIDIA were worth $64,106,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NVDA. Brighton Jones LLC raised its position in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in NVIDIA by 1.0% in 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 buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE increased its position in shares of 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 valued at $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. increased its position in shares of NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after purchasing an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.1%

NVIDIA stock opened at $181.81 on Friday. The firm has a 50 day moving average of $179.39 and a 200 day moving average of $152.47. The firm has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 51.80, a P/E/G ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,753,937 shares of company stock worth $667,769,026. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on NVDA. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and upped their price target for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Finally, Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $222.23.

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.