OFI Invest Asset Management Cuts Position in NVIDIA Corporation $NVDA

OFI Invest Asset Management decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,544,962 shares of the computer hardware maker’s stock after selling 182,568 shares during the quarter. OFI Invest Asset Management’s holdings in NVIDIA were worth $402,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Melius Research set a $300.00 target price on NVIDIA in a research note on Wednesday, October 29th. Barclays reissued an “overweight” rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Bank of America raised their price target on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Truist Financial boosted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Five investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $233.25.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% 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, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction 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 transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,578,937 shares of company stock worth $641,069,346. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $206.88 on Tuesday. The stock’s 50-day moving average is $182.38 and its 200 day moving average is $160.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. 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 $5.03 trillion, a P/E ratio of 58.94, a PEG ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 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.