NVIDIA Corporation $NVDA Position Lowered by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,760,297 shares of the computer hardware maker’s stock after selling 535,822 shares during the period. NVIDIA makes up 8.2% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 2nd biggest position. Montrusco Bolton Investments Inc.’s holdings in NVIDIA were worth $735,799,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. M.E. Allison & CO. Inc. boosted its position in shares of NVIDIA by 17.8% during the second quarter. M.E. Allison & CO. Inc. now owns 7,660 shares of the computer hardware maker’s stock valued at $1,210,000 after buying an additional 1,157 shares during the last quarter. Pegasus Asset Management Inc. boosted its position in shares of NVIDIA by 2.4% during the second quarter. Pegasus Asset Management Inc. now owns 78,593 shares of the computer hardware maker’s stock valued at $12,417,000 after buying an additional 1,843 shares during the last quarter. Welch Group LLC lifted its holdings in NVIDIA by 2.6% in the second quarter. Welch Group LLC now owns 184,091 shares of the computer hardware maker’s stock valued at $29,085,000 after acquiring an additional 4,697 shares during the period. Presilium Private Wealth LLC lifted its holdings in NVIDIA by 15.0% in the second quarter. Presilium Private Wealth LLC now owns 3,825 shares of the computer hardware maker’s stock valued at $604,000 after acquiring an additional 498 shares during the period. Finally, Pathway Financial Advisors LLC grew its stake in shares of NVIDIA by 1.9% during the 2nd quarter. Pathway Financial Advisors LLC now owns 22,371 shares of the computer hardware maker’s stock valued at $3,534,000 after purchasing an additional 416 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Tuesday, October 21st. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,503,937 shares of company stock worth $627,687,846. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wedbush restated an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Arete boosted their price target on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Barclays restated an “overweight” rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Bank of America raised their price objective on NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Craig Hallum raised their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $233.75.

NVIDIA Stock Down 4.0%

NASDAQ NVDA opened at $198.69 on Wednesday. The stock’s 50 day moving average is $182.72 and its 200 day moving average is $161.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a market cap of $4.83 trillion, a PE ratio of 56.61, a P/E/G ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $45.65 billion. During the same period in the previous year, the firm earned $0.68 EPS. 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 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend 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 presently 1.14%.

NVIDIA Company 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.