Griffin Asset Management Inc. Sells 1,383 Shares of NVIDIA Corporation $NVDA

Griffin Asset Management Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,403 shares of the computer hardware maker’s stock after selling 1,383 shares during the quarter. NVIDIA makes up approximately 1.5% of Griffin Asset Management Inc.’s holdings, making the stock its 17th biggest position. Griffin Asset Management Inc.’s holdings in NVIDIA were worth $13,019,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NVDA. Astoria Portfolio Advisors LLC. grew its position in NVIDIA by 0.9% in 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 acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group boosted its stake in shares of NVIDIA by 2.5% in the first 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 stake 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 valued at $5,470,000 after purchasing an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp grew its stake in NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Sentinel Pension Advisors LLC boosted its position in shares of NVIDIA by 4.1% in 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 period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the transaction, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This trade represents a 0.10% 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 firm’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,503,937 shares of company stock valued at $627,687,846 over the last three months. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a report on Friday. BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. Bank of America lifted their target price on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Daiwa Capital Markets lifted their target price on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $233.75.

NVIDIA Trading Down 4.0%

NASDAQ:NVDA opened at $198.69 on Wednesday. The business’s 50-day moving average is $182.72 and its two-hundred day moving average is $161.48. 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 12 month low of $86.62 and a 12 month high of $212.19. The firm has a market capitalization of $4.83 trillion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 earnings per share. The firm’s revenue was up 55.6% compared to the same quarter last year. 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. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 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.