Balentine LLC Has $5.36 Million Stock Holdings in NVIDIA Corporation $NVDA

Balentine LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 43.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,947 shares of the computer hardware maker’s stock after purchasing an additional 10,227 shares during the period. NVIDIA makes up about 0.2% of Balentine LLC’s portfolio, making the stock its 25th biggest position. Balentine LLC’s holdings in NVIDIA were worth $5,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter worth about $28,000. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during 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 in the last quarter. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 2nd quarter valued at approximately $55,000. Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% in the first 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 in the last quarter. Finally, Westend Capital Management LLC grew its stake in shares of NVIDIA by 46.8% during the second 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. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value 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 trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,177,203 shares of company stock valued at $570,171,004 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Down 2.0%

Shares of NVIDIA stock opened at $176.67 on Friday. The stock’s 50-day moving average is $186.90 and its 200 day moving average is $170.18. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The firm has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.49 and a beta of 2.11. 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 issued 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. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Susquehanna upped their price target on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a report on Thursday, November 20th. Citic Securities upped their target price on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Stifel Nicolaus lifted their price target on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group restated a “buy” rating and set a $250.00 price target (up from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Finally, Loop Capital raised their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $258.30.

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.