Rice Partnership LLC Decreases Stake in NVIDIA Corporation $NVDA

Rice Partnership LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,942 shares of the computer hardware maker’s stock after selling 1,727 shares during the period. NVIDIA accounts for approximately 4.2% of Rice Partnership LLC’s portfolio, making the stock its 6th largest holding. Rice Partnership LLC’s holdings in NVIDIA were worth $24,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Brighton Jones LLC increased its holdings in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG increased its stake in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE increased its stake in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC increased its stake in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. increased its position in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after purchasing an additional 896 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $190.73, for a total transaction of $4,768,250.00. Following the sale, the chief executive officer directly owned 69,783,203 shares in the company, valued at $13,309,750,308.19. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA 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 sale, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. This represents a 0.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,676,577 shares of company stock worth $657,716,375. Insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Evercore ISI set a $261.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, forty-one 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $229.38.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $202.76 on Friday. The stock has a market cap of $4.93 trillion, a P/E ratio of 57.77, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. The firm’s fifty day simple moving average is $181.35 and its 200 day simple moving average is $158.70. NVIDIA Corporation has a twelve month low of $86.62 and a twelve 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.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business 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%. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS 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. 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 payout ratio is presently 1.14%.

NVIDIA 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.