Adell Harriman & Carpenter Inc. Has $127.29 Million Position in NVIDIA Corporation $NVDA

Adell Harriman & Carpenter Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 805,675 shares of the computer hardware maker’s stock after selling 28,393 shares during the quarter. NVIDIA comprises 8.4% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 2nd largest holding. Adell Harriman & Carpenter Inc.’s holdings in NVIDIA were worth $127,289,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVDA. Impact Partnership Wealth LLC raised its position in shares of NVIDIA by 27.9% in the second quarter. Impact Partnership Wealth LLC now owns 29,157 shares of the computer hardware maker’s stock valued at $4,607,000 after purchasing an additional 6,354 shares during the period. One Day In July LLC grew its stake in NVIDIA by 4.4% in the 2nd quarter. One Day In July LLC now owns 27,543 shares of the computer hardware maker’s stock valued at $4,352,000 after buying an additional 1,155 shares in the last quarter. Amalgamated Bank raised its holdings in NVIDIA by 2.1% during the 2nd quarter. Amalgamated Bank now owns 5,293,649 shares of the computer hardware maker’s stock valued at $836,344,000 after acquiring an additional 106,404 shares during the period. Atria Investments Inc lifted its position in shares of NVIDIA by 3.2% during the second quarter. Atria Investments Inc now owns 942,208 shares of the computer hardware maker’s stock worth $148,859,000 after acquiring an additional 29,479 shares in the last quarter. Finally, Spinnaker Trust boosted its holdings in shares of NVIDIA by 1.8% in the second quarter. Spinnaker Trust now owns 76,464 shares of the computer hardware maker’s stock worth $12,081,000 after acquiring an additional 1,332 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $180.26 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market cap of $4.38 trillion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The firm’s fifty day moving average price is $186.82 and its 200-day moving average price is $169.74.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors 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 dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is currently 0.99%.

Insider Buying and Selling

In other news, Director John Dabiri sold 626 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $179.42, for a total value of $112,316.92. Following the completion of the sale, the director directly owned 17,792 shares in the company, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,252,203 shares of company stock worth $583,255,504 in the last quarter. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research note on Thursday, November 20th. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of NVIDIA in a report on Thursday, November 20th. President Capital raised their price objective on shares of NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. CICC Research upped their target price on shares of NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Stifel Nicolaus raised their price target on shares of NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $258.19.

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.