NVIDIA Corporation $NVDA is Aljian Capital Management LLC’s 4th Largest Position

Aljian Capital Management LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,429 shares of the computer hardware maker’s stock after selling 9,405 shares during the quarter. NVIDIA comprises approximately 8.7% of Aljian Capital Management LLC’s holdings, making the stock its 4th largest position. Aljian Capital Management LLC’s holdings in NVIDIA were worth $39,565,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA in the second quarter worth $28,000. Kathleen S. Wright Associates Inc. raised its holdings 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 acquiring an additional 254 shares during the period. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the 2nd quarter worth $55,000. Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the period. Finally, Westend Capital Management LLC grew its position in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on 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 owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,177,203 shares of company stock worth $570,171,004 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Seaport Global Securities lifted their price target on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research report on Monday, November 17th. Bank of America boosted their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. upped their target price on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Morgan Stanley raised their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Five 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $258.19.

NVIDIA Stock Up 1.4%

NASDAQ:NVDA opened at $180.26 on Friday. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11. 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’s fifty day moving average price is $186.90 and its two-hundred day moving average price is $169.81. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19.

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

NVIDIA Announces Dividend

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

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.