Marion Wealth Management Cuts Position in NVIDIA Corporation $NVDA

Marion Wealth Management lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,756 shares of the computer hardware maker’s stock after selling 2,958 shares during the quarter. Marion Wealth Management’s holdings in NVIDIA were worth $3,279,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Fullcircle Wealth LLC lifted its position in NVIDIA by 24.1% during the second quarter. Fullcircle Wealth LLC now owns 3,495 shares of the computer hardware maker’s stock valued at $552,000 after buying an additional 679 shares in the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of NVIDIA by 10.9% during the 2nd quarter. Levin Capital Strategies L.P. now owns 23,752 shares of the computer hardware maker’s stock valued at $3,753,000 after acquiring an additional 2,342 shares in the last quarter. Obermeyer Wealth Partners boosted its position in NVIDIA by 9.8% during the 2nd quarter. Obermeyer Wealth Partners now owns 363,226 shares of the computer hardware maker’s stock worth $57,386,000 after purchasing an additional 32,496 shares during the period. Bridgewater Advisors Inc. increased its holdings in NVIDIA by 0.5% in the 2nd quarter. Bridgewater Advisors Inc. now owns 142,012 shares of the computer hardware maker’s stock valued at $24,925,000 after purchasing an additional 697 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. raised its position in NVIDIA by 4.2% in the second quarter. Peregrine Asset Advisers Inc. now owns 64,748 shares of the computer hardware maker’s stock valued at $10,230,000 after purchasing an additional 2,616 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.6%

NASDAQ NVDA opened at $179.92 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market capitalization of $4.37 trillion, a price-to-earnings ratio of 51.26, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company’s fifty day moving average price is $186.82 and its two-hundred day moving average price is $171.03.

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

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at $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 3,030,203 shares of company stock valued at $545,161,894 in the last quarter. Insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NVDA shares. Susquehanna upped their target price on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research report on Thursday, November 20th. Citic Securities increased their price objective on shares of NVIDIA from $237.00 to $242.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. BNP Paribas Exane boosted their target price on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Seaport Global Securities raised their price target on shares of NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a report on Monday, November 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price target (up previously from $240.00) on shares of NVIDIA in a research note on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus target price of $258.65.

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.