Crux Wealth Advisors reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,044 shares of the computer hardware maker’s stock after selling 495 shares during the period. NVIDIA comprises approximately 3.0% of Crux Wealth Advisors’ portfolio, making the stock its 6th largest position. Crux Wealth Advisors’ holdings in NVIDIA were worth $7,117,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA in the second quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. raised its stake in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Seaport Global Securities restated a “sell” rating on shares of NVIDIA in a research note on Wednesday, October 29th. Wolfe Research set a $230.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Loop Capital raised their price target on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Benchmark boosted their price objective on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Craig Hallum increased their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $235.44.
Insiders Place Their Bets
In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was 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 owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,326,577 shares of company stock worth $596,625,187. Company insiders own 4.17% of the company’s stock.
NVIDIA Stock Performance
Shares of NVDA opened at $193.80 on Thursday. The stock has a market capitalization of $4.71 trillion, a P/E ratio of 55.21, a P/E/G ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company’s fifty day moving average is $184.84 and its two-hundred day moving average is $164.84.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter last year, the business earned $0.68 EPS. The business’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is currently 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.
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