NVIDIA Corporation $NVDA is Gruss & Co. LLC’s 5th Largest Position

Gruss & Co. LLC trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the computer hardware maker’s stock after selling 500 shares during the period. NVIDIA makes up approximately 4.4% of Gruss & Co. LLC’s holdings, making the stock its 5th biggest holding. Gruss & Co. LLC’s holdings in NVIDIA were worth $948,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Center for Financial Planning Inc. grew its position in NVIDIA by 4.6% during the 2nd quarter. Center for Financial Planning Inc. now owns 8,429 shares of the computer hardware maker’s stock worth $1,332,000 after purchasing an additional 367 shares during the last quarter. Atria Investments Inc grew its holdings 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 valued at $148,859,000 after buying an additional 29,479 shares during the last quarter. Fielder Capital Group LLC grew its holdings in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after buying an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp increased its position in shares of NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Finally, ORG Wealth Partners LLC raised its stake in NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after acquiring an additional 3,542 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was 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. The trade was a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,177,203 shares of company stock worth $570,171,004. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on NVDA shares. Benchmark increased their price objective on NVIDIA from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 20th. UBS Group reiterated a “buy” rating and issued a $235.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. CICC Research raised their price target on shares of NVIDIA from $200.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Wedbush upped their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a report on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $258.30.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $176.67 on Friday. The company’s fifty day moving average price is $186.90 and its 200 day moving average price is $170.47. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The company has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth 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.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a 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.