NVIDIA Corporation $NVDA Holdings Trimmed by Manuka Financial LLC

Manuka Financial LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 13.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 125,641 shares of the computer hardware maker’s stock after selling 19,790 shares during the quarter. NVIDIA accounts for approximately 10.8% of Manuka Financial LLC’s portfolio, making the stock its 3rd biggest position. Manuka Financial LLC’s holdings in NVIDIA were worth $19,734,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA in the 2nd quarter valued at $28,000. Kathleen S. Wright Associates Inc. raised its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter worth about $51,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 2nd quarter worth about $55,000. Finally, Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on 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 directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Wednesday, October 29th. Citigroup upped their target price on shares of NVIDIA from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, November 10th. BNP Paribas Exane lifted their price target on shares of NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $240.00 price target (up from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and an average price target of $240.49.

NVIDIA Stock Down 2.8%

Shares of NASDAQ:NVDA opened at $181.36 on Wednesday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year 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 stock has a market cap of $4.41 trillion, a P/E ratio of 51.67, a P/E/G ratio of 1.49 and a beta of 2.11. The firm has a fifty day moving average price of $186.18 and a 200 day moving average price of $167.35.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 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.