University of Texas Texas AM Investment Management Co. Has $23.85 Million Stock Holdings in NVIDIA Corporation $NVDA

University of Texas Texas AM Investment Management Co. lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.7% during the second quarter, HoldingsChannel.com reports. The firm owned 150,932 shares of the computer hardware maker’s stock after selling 21,955 shares during the quarter. NVIDIA makes up about 3.7% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 3rd biggest holding. University of Texas Texas AM Investment Management Co.’s holdings in NVIDIA were worth $23,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Harbor Asset Planning Inc. bought a new stake in shares of NVIDIA during 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 purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter valued at about $51,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the second quarter worth about $55,000. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s 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 in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price 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. The stock has a market cap of $4.35 trillion, a PE ratio of 50.96, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The business has a 50-day simple moving average of $186.46 and a two-hundred day simple moving average of $168.03.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued 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 is Thursday, December 4th. NVIDIA’s payout ratio is presently 0.99%.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of NVIDIA in a research report on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $265.00 price objective (up from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. TD Cowen raised their target price on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Citigroup lifted their price target on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI set a $352.00 price objective on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $257.79.

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.