Kidder Stephen W Lowers Stake in NVIDIA Corporation $NVDA

Kidder Stephen W lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,070 shares of the computer hardware maker’s stock after selling 2,260 shares during the quarter. NVIDIA accounts for about 4.5% of Kidder Stephen W’s investment portfolio, making the stock its 5th biggest position. Kidder Stephen W’s holdings in NVIDIA were worth $14,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the second quarter valued at about $55,000. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares in the last quarter. Westend Capital Management LLC boosted its position in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter valued at about $51,000. Finally, Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp restated an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Cantor Fitzgerald set a $300.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research report on Thursday, October 9th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Five research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and an average price target of $222.23.

NVIDIA Stock Up 2.8%

Shares of NASDAQ:NVDA opened at $191.49 on Tuesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week 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 $4.65 trillion, a PE ratio of 54.56, a PEG ratio of 1.34 and a beta of 2.12. The company has a 50 day moving average price of $179.65 and a two-hundred day moving average price of $157.06.

NVIDIA (NASDAQ:NVDA) last issued its 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 earnings per share. The business’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 1.14%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $174.46, for a total transaction of $13,084,500.00. Following the transaction, the chief executive officer owned 72,773,366 shares of the company’s stock, valued at $12,696,041,432.36. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,726,577 shares of company stock worth $665,502,375. 4.17% of the stock is owned by insiders.

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.