Pinnacle Investment Management Ltd Has $403,000 Stake in NVIDIA Corporation $NVDA

Pinnacle Investment Management Ltd lessened its position in NVIDIA Corporation (NASDAQ:NVDA) by 57.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,550 shares of the computer hardware maker’s stock after selling 3,450 shares during the period. NVIDIA makes up about 2.3% of Pinnacle Investment Management Ltd’s investment portfolio, making the stock its 6th biggest holding. Pinnacle Investment Management Ltd’s holdings in NVIDIA were worth $403,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its position in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. increased its position in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Finally, Amundi increased its position in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.22 on Friday. The stock has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.32 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 has a fifty day moving average price of $179.40 and a two-hundred day moving average price of $153.27. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid 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 (DPR) is currently 1.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NVDA shares. UBS Group set a $320.00 price objective on shares of NVIDIA in a research report on Wednesday. Barclays reissued an “overweight” rating and set a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Bank of America raised their target price 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, Wedbush reaffirmed an “outperform” rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Five investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $222.23.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 3,753,937 shares of company stock worth $667,769,026. 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.