NVIDIA Corporation $NVDA Shares Sold by Elite Wealth Management Inc.

Elite Wealth Management Inc. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 40.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,726 shares of the computer hardware maker’s stock after selling 141,059 shares during the quarter. NVIDIA comprises approximately 10.8% of Elite Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Elite Wealth Management Inc.’s holdings in NVIDIA were worth $32,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. Kingstone Capital Partners Texas LLC lifted its position in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Nuveen LLC acquired a new position in NVIDIA during the 1st quarter worth $15,089,414,000. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Amundi lifted its position in shares of NVIDIA by 16.0% during the 1st 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 last quarter. Finally, Strs Ohio acquired a new position in shares of NVIDIA during the 1st quarter worth about $1,163,288,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $190.73, for a total transaction of $4,768,250.00. Following the completion of the sale, the chief executive officer owned 69,783,203 shares of the company’s stock, valued at approximately $13,309,750,308.19. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,676,577 shares of company stock valued at $657,716,375 in the last quarter. 4.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Rosenblatt Securities reiterated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Truist Financial upped their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Needham & Company LLC upped their target price on shares of NVIDIA from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Seaport Global Securities reaffirmed a “sell” rating on shares of NVIDIA in a research report on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $229.38.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $202.76 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $181.35 and a 200 day moving average price of $158.70. The firm has a market capitalization of $4.93 trillion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 1.49 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, 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 business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period 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. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 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.