Cape ANN Savings Bank Trims Stake in NVIDIA Corporation $NVDA

Cape ANN Savings Bank lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 5.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,222 shares of the computer hardware maker’s stock after selling 1,076 shares during the quarter. NVIDIA accounts for 1.8% of Cape ANN Savings Bank’s holdings, making the stock its 13th largest holding. Cape ANN Savings Bank’s holdings in NVIDIA were worth $3,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter worth about $55,000. Finally, Campbell Capital Management Inc. increased its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NVDA shares. Needham & Company LLC restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Truist Financial upped their price target on NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. HSBC set a $320.00 price target on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $222.23.

NVIDIA Trading Down 0.3%

NASDAQ:NVDA opened at $182.64 on Tuesday. The stock has a 50-day simple moving average of $179.41 and a 200-day simple moving average of $154.25. The stock has a market cap of $4.44 trillion, a P/E ratio of 52.03, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year 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.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00. Following the completion of the sale, the chief executive officer directly owned 70,108,203 shares of the company’s stock, valued at $12,856,442,266.14. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 3,828,937 shares of company stock valued at $682,264,276. 4.17% of the stock is owned by corporate insiders.

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.