Norris Perne & French LLP MI Sells 790 Shares of NVIDIA Corporation $NVDA

Norris Perne & French LLP MI cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 4.5% in the second quarter, HoldingsChannel reports. The firm owned 16,892 shares of the computer hardware maker’s stock after selling 790 shares during the period. Norris Perne & French LLP MI’s holdings in NVIDIA were worth $2,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Westend Capital Management LLC increased its holdings in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after acquiring an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer owned 70,558,203 shares in the company, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,801,587 shares of company stock valued at $673,950,484. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $183.16 on Monday. The stock has a 50-day moving average of $179.16 and a two-hundred day moving average of $151.02. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. 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 stock has a market cap of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12.

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

NVIDIA Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. New Street Research lifted their price target on NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, September 12th. Loop Capital boosted their target price on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.84.

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.