Great Lakes Retirement Inc. Sells 1,044 Shares of NVIDIA Corporation $NVDA

Great Lakes Retirement Inc. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,699 shares of the computer hardware maker’s stock after selling 1,044 shares during the quarter. NVIDIA accounts for 5.8% of Great Lakes Retirement Inc.’s portfolio, making the stock its 2nd largest position. Great Lakes Retirement Inc.’s holdings in NVIDIA were worth $48,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC raised its holdings 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. Finally, Copia Wealth Management lifted its position in shares of NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Rosenblatt Securities lifted their price target on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Jefferies Financial Group restated a “buy” rating and issued a $250.00 price objective (up previously from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Melius Research upped their target price on NVIDIA from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Needham & Company LLC reissued a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research report on Tuesday. Five investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $258.30.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value 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 represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,177,203 shares of company stock worth $570,171,004. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NASDAQ:NVDA opened at $176.67 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The firm has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 1.49 and a beta of 2.11. The stock’s 50 day moving average price is $186.90 and its two-hundred day moving average price is $170.18. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted 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 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 analyst estimates of $54.66 billion. During the same period in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 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.