Daymark Wealth Partners LLC Lowers Stock Holdings in NVIDIA Corporation $NVDA

Daymark Wealth Partners LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,028,622 shares of the computer hardware maker’s stock after selling 17,166 shares during the period. NVIDIA makes up 6.2% of Daymark Wealth Partners LLC’s portfolio, making the stock its biggest position. Daymark Wealth Partners LLC’s holdings in NVIDIA were worth $162,512,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the second quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at $55,000. Campbell Capital Management Inc. lifted its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. Finally, Westend Capital Management LLC boosted its stake in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. Evercore ISI set a $352.00 price objective on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. UBS Group reiterated a “buy” rating and issued a $235.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and set a $250.00 target price (up from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Finally, DZ Bank reaffirmed a “buy” rating 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 issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $258.19.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $177.82 on Wednesday. The company has a market capitalization of $4.32 trillion, a P/E ratio of 50.66, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The firm’s 50 day simple moving average is $186.62 and its two-hundred day simple moving average is $169.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Dividend Announcement

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

Insider Activity

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This trade 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 quarter. 4.17% of the stock is currently owned by company 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.