Demars Financial Group LLC Cuts Stock Holdings in NVIDIA Corporation $NVDA

Demars Financial Group LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 99.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,690 shares of the computer hardware maker’s stock after selling 4,764,639 shares during the period. NVIDIA accounts for about 2.8% of Demars Financial Group LLC’s holdings, making the stock its 7th largest holding. Demars Financial Group LLC’s holdings in NVIDIA were worth $7,377,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Alexis Investment Partners LLC increased its stake in shares of NVIDIA by 6.5% during the second quarter. Alexis Investment Partners LLC now owns 11,806 shares of the computer hardware maker’s stock valued at $1,863,000 after buying an additional 725 shares during the period. Canvas Wealth Advisors LLC lifted its position in shares of NVIDIA by 1.3% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 121,923 shares of the computer hardware maker’s stock worth $19,263,000 after purchasing an additional 1,558 shares during the period. Schnieders Capital Management LLC. boosted its stake in shares of NVIDIA by 52.6% during the 2nd quarter. Schnieders Capital Management LLC. now owns 119,371 shares of the computer hardware maker’s stock valued at $18,859,000 after purchasing an additional 41,146 shares in the last quarter. CORDA Investment Management LLC. increased its position in shares of NVIDIA by 148.6% during the second quarter. CORDA Investment Management LLC. now owns 77,797 shares of the computer hardware maker’s stock valued at $12,291,000 after buying an additional 46,499 shares during the period. Finally, Conestoga Capital Advisors LLC purchased a new stake in NVIDIA in the second quarter worth about $237,000. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NVDA shares. JPMorgan Chase & Co. reissued a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Finally, Bank of America raised their target price on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and a consensus target price of $239.15.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction dated 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 completion of the sale, the chief executive officer directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 1.8%

Shares of NASDAQ NVDA opened at $190.17 on Friday. The firm’s 50 day moving average price is $185.60 and its 200-day moving average price is $165.55. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. 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 company has a market cap of $4.62 trillion, a PE ratio of 54.18, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 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 55.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

About NVIDIA

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.