NVIDIA Corporation $NVDA Holdings Lessened by Optimum Investment Advisors

Optimum Investment Advisors reduced its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 86,830 shares of the computer hardware maker’s stock after selling 1,730 shares during the period. NVIDIA accounts for about 6.0% of Optimum Investment Advisors’ holdings, making the stock its 3rd biggest holding. Optimum Investment Advisors’ holdings in NVIDIA were worth $13,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new stake in NVIDIA during the 2nd quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during the first 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 during the period. Westend Capital Management LLC grew its holdings in shares of 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 buying an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the 1st quarter valued at about $51,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $178.88 on Friday. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The company has a 50-day simple moving average of $186.46 and a 200-day simple moving average of $168.03. The company has a market capitalization of $4.35 trillion, a PE ratio of 50.96, a P/E/G ratio of 1.49 and a beta of 2.11.

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

NVIDIA Dividend Announcement

The company 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 is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is currently 0.99%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Seaport Global Securities increased their price objective on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research report on Monday, November 17th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. President Capital increased their price target on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Raymond James Financial set a $272.00 price objective on shares of NVIDIA and gave the company a “strong-buy” rating in a research note on Thursday. Finally, Citigroup upped their price objective on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $257.79.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

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.