NVIDIA Corporation $NVDA Position Lowered by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,690 shares of the computer hardware maker’s stock after selling 1,150 shares during the period. NVIDIA comprises about 1.2% of Asset Advisors Investment Management LLC’s investment portfolio, making the stock its 27th biggest holding. Asset Advisors Investment Management LLC’s holdings in NVIDIA were worth $12,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Gray Private Wealth LLC acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $633,000. DHJJ Financial Advisors Ltd. increased its stake in shares of NVIDIA by 1,160.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 8,971 shares of the computer hardware maker’s stock valued at $1,417,000 after purchasing an additional 8,259 shares during the period. Custos Family Office LLC increased its stake in shares of NVIDIA by 46.1% in the second quarter. Custos Family Office LLC now owns 6,117 shares of the computer hardware maker’s stock valued at $966,000 after purchasing an additional 1,930 shares during the period. Abundance Wealth Counselors increased its stake in shares of NVIDIA by 0.5% in the second quarter. Abundance Wealth Counselors now owns 79,527 shares of the computer hardware maker’s stock valued at $12,875,000 after purchasing an additional 375 shares during the period. Finally, Quattro Financial Advisors LLC increased its stake in shares of NVIDIA by 2.1% in the second quarter. Quattro Financial Advisors LLC now owns 18,133 shares of the computer hardware maker’s stock valued at $2,865,000 after purchasing an additional 375 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVDA. Wedbush restated an “outperform” rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Daiwa Capital Markets raised their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Loop Capital raised their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Mizuho raised their price objective on shares of NVIDIA from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Truist Financial raised their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average price target of $222.23.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares of the company’s stock, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,828,937 shares of company stock valued at $682,264,276. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 0.3%

NVIDIA stock opened at $182.64 on Tuesday. 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 firm has a market cap of $4.44 trillion, a price-to-earnings ratio of 52.03, a price-to-earnings-growth 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 firm’s 50 day moving average price is $179.41 and its two-hundred day moving average price is $154.25.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 currently 1.14%.

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.