Hardy Reed LLC Sells 150 Shares of NVIDIA Corporation $NVDA

Hardy Reed LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 47,319 shares of the computer hardware maker’s stock after selling 150 shares during the period. NVIDIA comprises 0.6% of Hardy Reed LLC’s holdings, making the stock its 23rd biggest position. Hardy Reed LLC’s holdings in NVIDIA were worth $7,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Nuveen LLC purchased a new position in NVIDIA during the first quarter worth about $15,089,414,000. Finally, Amundi raised its stake in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 2.3%

NVDA stock opened at $186.26 on Friday. The company has a fifty day moving average price of $179.46 and a 200 day moving average price of $156.23. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. 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 debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date 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 is presently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction 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 transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,801,577 shares of company stock worth $678,643,875. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVDA. UBS Group set a $320.00 price target on shares of NVIDIA in a research note on Wednesday, October 15th. Bank of America boosted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wolfe Research lifted their price objective on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, DA Davidson upgraded shares of NVIDIA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Five analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $222.23.

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.