Dudley Capital Management LLC Reduces Stake in NVIDIA Corporation $NVDA

Dudley Capital Management LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 17.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,160 shares of the computer hardware maker’s stock after selling 16,880 shares during the quarter. NVIDIA makes up 6.2% of Dudley Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Dudley Capital Management LLC’s holdings in NVIDIA were worth $12,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Parcion Private Wealth LLC grew its position in shares of NVIDIA by 1.0% in the 2nd quarter. Parcion Private Wealth LLC now owns 224,515 shares of the computer hardware maker’s stock worth $35,471,000 after buying an additional 2,254 shares during the period. Birch Hill Investment Advisors LLC grew its holdings in NVIDIA by 32.8% in the second quarter. Birch Hill Investment Advisors LLC now owns 66,318 shares of the computer hardware maker’s stock worth $10,478,000 after purchasing an additional 16,372 shares during the period. Steel Grove Capital Advisors LLC increased its stake in shares of NVIDIA by 25.3% during the second quarter. Steel Grove Capital Advisors LLC now owns 428,804 shares of the computer hardware maker’s stock valued at $67,747,000 after purchasing an additional 86,466 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in shares of NVIDIA by 13.2% during the second quarter. Pacific Heights Asset Management LLC now owns 860,000 shares of the computer hardware maker’s stock valued at $135,871,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Members Trust Co lifted its holdings in shares of NVIDIA by 18.8% during the second quarter. Members Trust Co now owns 10,032 shares of the computer hardware maker’s stock valued at $1,585,000 after purchasing an additional 1,591 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 1.8%

Shares of NVIDIA stock opened at $190.17 on Monday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $185.60 and its 200 day moving average is $166.35. The company has a market cap of $4.62 trillion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $0.68 EPS. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Rosenblatt Securities raised their price objective on NVIDIA from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. UBS Group restated a “buy” rating on shares of NVIDIA in a report on Monday, November 10th. Needham & Company LLC upped their price target on shares of NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Loop Capital raised their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of NVIDIA in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $239.15.

Insider Activity

In related news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

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.