Grimes & Company Inc. Decreases Stock Holdings in NVIDIA Corporation $NVDA

Grimes & Company Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 224,064 shares of the computer hardware maker’s stock after selling 9,788 shares during the period. NVIDIA makes up about 1.0% of Grimes & Company Inc.’s portfolio, making the stock its 20th largest position. Grimes & Company Inc.’s holdings in NVIDIA were worth $35,400,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NVDA. Three Bridge Wealth Advisors LLC lifted its position in NVIDIA by 67.5% during the second quarter. Three Bridge Wealth Advisors LLC now owns 37,581 shares of the computer hardware maker’s stock valued at $5,938,000 after acquiring an additional 15,151 shares during the last quarter. Hubbell Strickland Wealth Management LLC increased its position in shares of NVIDIA by 1.4% during the second quarter. Hubbell Strickland Wealth Management LLC now owns 8,416 shares of the computer hardware maker’s stock worth $1,330,000 after purchasing an additional 117 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of NVIDIA by 8.1% during the 2nd quarter. Merit Financial Group LLC now owns 702,752 shares of the computer hardware maker’s stock valued at $111,028,000 after purchasing an additional 52,915 shares during the last quarter. Verus Wealth Management LLC boosted its position in shares of NVIDIA by 1.3% in the 2nd quarter. Verus Wealth Management LLC now owns 6,987 shares of the computer hardware maker’s stock worth $1,104,000 after purchasing an additional 93 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its stake in NVIDIA by 24.7% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 136,728 shares of the computer hardware maker’s stock worth $21,602,000 after buying an additional 27,106 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NVDA shares. Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, October 8th. Arete raised their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Barclays reissued an “overweight” rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Finally, DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Five investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $222.23.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated 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 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 sold 3,801,577 shares of company stock worth $678,643,875. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $182.16 on Friday. 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. The company has a market capitalization of $4.43 trillion, a PE ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The company’s fifty day moving average price is $179.35 and its 200 day moving average price is $155.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. NVIDIA’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 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is presently 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.