Galvin Gaustad & Stein LLC Reduces Holdings in NVIDIA Corporation $NVDA

Galvin Gaustad & Stein LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 7.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,730 shares of the computer hardware maker’s stock after selling 2,213 shares during the period. Galvin Gaustad & Stein LLC’s holdings in NVIDIA were worth $4,381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morton Brown Family Wealth LLC grew its stake in NVIDIA by 1.5% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after buying an additional 58 shares during the last quarter. Pachira Investments Inc. grew its stake in NVIDIA by 1.0% in 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 during the last quarter. Warner Financial Inc. grew its stake in NVIDIA by 2.3% in 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 during the last quarter. HFG Wealth Management LLC grew its stake in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after buying an additional 68 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC grew its stake in NVIDIA by 0.3% in 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 buying an additional 69 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.2%

Shares of NASDAQ NVDA opened at $202.46 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market cap of $4.92 trillion, a PE ratio of 57.68, a P/E/G ratio of 1.49 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. The company has a 50-day moving average of $181.84 and a two-hundred day moving average of $159.33.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued 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 payout ratio is currently 1.14%.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred 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. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,701,577 shares of company stock worth $662,914,125. 4.17% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVDA shares. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price (up from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. DA Davidson set a $250.00 target price on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum raised their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Finally, Wolfe Research set a $230.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday. Five research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average price target of $230.13.

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.