Analyst IMS Investment Management Services Ltd. Sells 2,905 Shares of NVIDIA Corporation $NVDA

Analyst IMS Investment Management Services Ltd. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,631 shares of the computer hardware maker’s stock after selling 2,905 shares during the period. NVIDIA makes up about 1.2% of Analyst IMS Investment Management Services Ltd.’s investment portfolio, making the stock its 11th largest holding. Analyst IMS Investment Management Services Ltd.’s holdings in NVIDIA were worth $34,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Morton Brown Family Wealth LLC raised its holdings in 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 worth $621,000 after acquiring an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC raised its position in NVIDIA by 0.3% during the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after acquiring an additional 58 shares in the last quarter. Alpha Wealth Funds LLC raised its position in NVIDIA by 1.3% during the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after acquiring an additional 59 shares in the last quarter. Copia Wealth Management lifted its stake in NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after acquiring an additional 60 shares during the last quarter. Finally, BKM Wealth Management LLC increased its position in NVIDIA by 1.1% during the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA 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 completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, 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 ownership of the stock. 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 ninety days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on NVDA shares. Rothschild & Co Redburn lifted their target price on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Mizuho upped their target price on NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Susquehanna upped their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, November 20th. Evercore ISI set a $352.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Argus reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $258.19.

NVIDIA Stock Down 2.6%

NVIDIA stock opened at $177.82 on Wednesday. The firm has a 50 day moving average price of $186.62 and a two-hundred day moving average price of $169.66. 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 52-week low of $86.62 and a 52-week high of $212.19. The firm has a market cap of $4.32 trillion, a price-to-earnings ratio of 50.66, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the firm earned $0.81 earnings per share. NVIDIA’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

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.