Highland Capital Management LLC Has $55.14 Million Stock Position in NVIDIA Corporation $NVDA

Highland Capital Management LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,037 shares of the computer hardware maker’s stock after selling 2,074 shares during the period. NVIDIA accounts for 3.0% of Highland Capital Management LLC’s portfolio, making the stock its 5th largest holding. Highland Capital Management LLC’s holdings in NVIDIA were worth $55,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Carolina Wealth Advisors LLC raised its position in NVIDIA by 40.9% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 941 shares of the computer hardware maker’s stock worth $149,000 after purchasing an additional 273 shares during the last quarter. Sutton Place Investors LLC grew its holdings in NVIDIA by 12.3% during the 2nd quarter. Sutton Place Investors LLC now owns 18,884 shares of the computer hardware maker’s stock worth $2,983,000 after acquiring an additional 2,065 shares during the period. Wealthcare Capital Partners LLC grew its holdings in NVIDIA by 12.7% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 10,454 shares of the computer hardware maker’s stock worth $1,652,000 after acquiring an additional 1,181 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in NVIDIA by 4.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 430,802 shares of the computer hardware maker’s stock worth $68,062,000 after acquiring an additional 17,669 shares during the period. Finally, MGO Private Wealth LLC grew its holdings in NVIDIA by 8.6% during the 2nd quarter. MGO Private Wealth LLC now owns 10,126 shares of the computer hardware maker’s stock worth $1,600,000 after acquiring an additional 799 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were 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 in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,577 shares of company stock valued at $678,643,875 in the last three months. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Barclays reaffirmed an “overweight” rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Benchmark lifted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. Robert W. Baird boosted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Finally, UBS Group set a $320.00 price target on shares of NVIDIA in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $222.23.

NVIDIA Trading Up 1.0%

Shares of NASDAQ:NVDA opened at $182.16 on Friday. The company’s 50-day moving average price is $179.35 and its two-hundred day moving average price is $155.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The stock 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.

NVIDIA (NASDAQ:NVDA) last issued 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 company had revenue of $46.74 billion for 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%. NVIDIA’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

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.