NVIDIA Corporation $NVDA is Meritage Portfolio Management’s 5th Largest Position

Meritage Portfolio Management trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 17.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 319,052 shares of the computer hardware maker’s stock after selling 67,802 shares during the period. NVIDIA comprises approximately 3.2% of Meritage Portfolio Management’s holdings, making the stock its 5th largest holding. Meritage Portfolio Management’s holdings in NVIDIA were worth $50,407,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NVDA. Astoria Portfolio Advisors LLC. lifted its stake in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares during the period. Fielder Capital Group LLC lifted its holdings in NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after purchasing an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its stake in shares of NVIDIA by 3.2% during the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, Sentinel Pension Advisors LLC boosted its stake in NVIDIA by 4.1% during the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock valued at $433,000 after purchasing an additional 107 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on NVDA shares. New Street Research restated a “buy” rating and set a $307.00 target price on shares of NVIDIA in a report on Thursday. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Mizuho set a $235.00 price objective on shares of NVIDIA in a research note on Wednesday, October 29th. Finally, KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $233.25.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,578,937 shares of company stock valued at $641,069,346. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $206.88 on Tuesday. 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 company has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 58.94, a P/E/G ratio of 1.49 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The firm has a 50 day moving average of $182.38 and a two-hundred day moving average of $160.79.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the business earned $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. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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 is currently 1.14%.

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.