Astoria Portfolio Advisors LLC. Has $16.05 Million Stock Position in NVIDIA Corporation $NVDA

Astoria Portfolio Advisors LLC. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,368 shares of the computer hardware maker’s stock after selling 1,200 shares during the period. NVIDIA accounts for about 4.5% of Astoria Portfolio Advisors LLC.’s investment portfolio, making the stock its 4th largest position. Astoria Portfolio Advisors LLC.’s holdings in NVIDIA were worth $16,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Morton Brown Family Wealth LLC grew its position in shares of NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after purchasing an additional 58 shares in the last quarter. Pachira Investments Inc. lifted its position in shares of NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after buying an additional 63 shares in the last quarter. Warner Financial Inc. boosted its stake in NVIDIA by 2.3% during the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock valued at $460,000 after buying an additional 66 shares during the last quarter. HFG Wealth Management LLC boosted its stake in NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after buying an additional 68 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC grew its holdings in NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock valued at $3,757,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on 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 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 NVIDIA stock in a transaction on 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 sale, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,551,577 shares of company stock worth $637,612,687 in the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $195.21 on Thursday. The business has a fifty day moving average of $182.99 and a 200 day moving average of $161.72. The stock has a market cap of $4.74 trillion, a P/E ratio of 55.62, a PEG ratio of 1.49 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is 1.14%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Wells Fargo & Company upped their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. DA Davidson set a $250.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Loop Capital upped their target price on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday. Five 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 assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and an average target price of $233.75.

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.