Bingham Private Wealth LLC Reduces Stock Position in NVIDIA Corporation $NVDA

Bingham Private Wealth LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,871 shares of the computer hardware maker’s stock after selling 1,067 shares during the period. NVIDIA makes up approximately 2.4% of Bingham Private Wealth LLC’s holdings, making the stock its 6th biggest position. Bingham Private Wealth LLC’s holdings in NVIDIA were worth $2,665,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NVDA. Pachira Investments Inc. grew its holdings in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after buying an additional 63 shares in the last quarter. Warner Financial Inc. grew its holdings in NVIDIA by 2.3% during the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock valued at $460,000 after buying an additional 66 shares in the last quarter. HFG Wealth Management LLC boosted its position in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after acquiring an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC boosted its position in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock valued at $3,757,000 after acquiring an additional 69 shares during the last quarter. Finally, Summit Financial Strategies Inc. boosted its position in shares of NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock valued at $1,839,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.3%

NASDAQ:NVDA opened at $186.26 on Friday. The company has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.07, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The stock has a fifty day simple moving average of $179.46 and a 200-day simple moving average of $156.23.

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 the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 dividend payout ratio (DPR) is currently 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the completion of the transaction, the chief executive officer directly owned 69,958,203 shares of the company’s stock, valued at approximately $12,586,180,301.73. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total value of $5,014,448.80. Following the completion of the sale, the chief financial officer owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,801,577 shares of company stock valued at $678,643,875 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research reports. Rosenblatt Securities reiterated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 target price (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and increased their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. UBS Group set a $320.00 target price on NVIDIA in a research report on Wednesday, October 15th. Finally, HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average price target of $222.23.

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.