NVIDIA Corporation $NVDA Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 938,494 shares of the computer hardware maker’s stock after selling 19,104 shares during the quarter. NVIDIA comprises about 20.1% of Dillon & Associates Inc.’s holdings, making the stock its largest position. Dillon & Associates Inc.’s holdings in NVIDIA were worth $148,282,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in NVIDIA in the second quarter valued at about $28,000. Kathleen S. Wright Associates Inc. raised its stake in shares of 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 buying an additional 254 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Campbell Capital Management Inc. boosted its stake in shares of 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 holdings in 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 acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. President Capital boosted their target price on shares of NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Craig Hallum boosted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. BNP Paribas Exane increased their target price on shares of NVIDIA from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Stifel Nicolaus boosted their price target on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Morgan Stanley upped their price target on NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $258.65.

NVIDIA Trading Up 0.9%

Shares of NVIDIA stock opened at $181.46 on Wednesday. The business has a 50 day moving average price of $186.88 and a 200 day moving average price of $171.35. The company has a market capitalization of $4.41 trillion, a P/E ratio of 51.70, 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 current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 company had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio is 0.99%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 626 shares of the business’s stock in a transaction 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 transaction, the director owned 17,792 shares of the company’s stock, valued at $3,192,240.64. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,012,203 shares of company stock valued at $542,065,894 in the last ninety days. Insiders own 4.17% of the company’s stock.

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.