Freedom Investment Management Inc. Sells 883 Shares of NVIDIA Corporation $NVDA

Freedom Investment Management Inc. lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,701 shares of the computer hardware maker’s stock after selling 883 shares during the quarter. NVIDIA comprises approximately 1.0% of Freedom Investment Management Inc.’s holdings, making the stock its 16th largest holding. Freedom Investment Management Inc.’s holdings in NVIDIA were worth $12,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% in 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 acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in NVIDIA during the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its position in NVIDIA by 123.5% in the 1st 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. Amundi lifted its stake in NVIDIA by 16.0% in 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 last quarter. Finally, Strs Ohio purchased a new position in shares of NVIDIA during the first quarter valued at approximately $1,163,288,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated 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 sale, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen upped their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Evercore ISI set a $261.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Loop Capital upped their price target on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $239.15.

NVIDIA Stock Performance

Shares of NVDA stock opened at $190.17 on Monday. The business’s fifty day simple moving average is $185.60 and its 200-day simple moving average is $166.35. The company has a market cap of $4.62 trillion, a PE ratio of 54.18, a PEG ratio of 1.49 and a beta of 2.11. 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.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter last year, the firm earned $0.68 EPS. The business’s quarterly revenue 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 business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. 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 currently 1.14%.

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.