Prentice Wealth Management LLC Sells 440 Shares of NVIDIA Corporation $NVDA

Prentice Wealth Management LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,007 shares of the computer hardware maker’s stock after selling 440 shares during the quarter. NVIDIA accounts for approximately 0.6% of Prentice Wealth Management LLC’s portfolio, making the stock its 26th largest position. Prentice Wealth Management LLC’s holdings in NVIDIA were worth $2,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the 2nd quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $55,000. Kathleen S. Wright Associates Inc. raised its stake in 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 during the period. Westend Capital Management LLC boosted its holdings in NVIDIA by 46.8% in 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 in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $51,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Down 2.8%

Shares of NVDA stock opened at $181.36 on Wednesday. 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 capitalization of $4.41 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.49 and a beta of 2.11. 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 $186.18 and a two-hundred day simple moving average of $167.35.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. KeyCorp reaffirmed an “overweight” rating and set a $250.00 target price on shares of NVIDIA in a research report on Friday. Truist Financial upped their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Citigroup lifted their price objective on shares of NVIDIA from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, November 10th. Daiwa Capital Markets upped their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Mizuho set a $235.00 price target on NVIDIA in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $240.49.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 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.