Joel Adams & Associates Inc. Decreases Holdings in NVIDIA Corporation $NVDA

Joel Adams & Associates Inc. lessened its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 20.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,590 shares of the computer hardware maker’s stock after selling 400 shares during the period. Joel Adams & Associates Inc.’s holdings in NVIDIA were worth $251,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its position in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. boosted its position in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in NVIDIA during the first quarter worth about $15,089,414,000. Finally, Amundi boosted its position in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. Loop Capital increased their target price on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a report on Wednesday, October 29th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. DA Davidson set a $250.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, UBS Group set a $235.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus target price of $233.75.

NVIDIA Trading Down 4.0%

Shares of NVIDIA stock opened at $198.69 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm has a market cap of $4.83 trillion, a PE ratio of 56.61, a PEG ratio of 1.49 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a 50 day simple moving average of $182.72 and a two-hundred day simple moving average of $161.48.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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 period in the previous year, the business posted $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s payout ratio is presently 1.14%.

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,640 shares of the business’s 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 completion of the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,503,937 shares of company stock valued at $627,687,846. Company insiders own 4.17% of the company’s stock.

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.