Naviter Wealth LLC Sells 10,807 Shares of NVIDIA Corporation $NVDA

Naviter Wealth LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA) by 6.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 155,848 shares of the computer hardware maker’s stock after selling 10,807 shares during the period. NVIDIA comprises 3.0% of Naviter Wealth LLC’s portfolio, making the stock its 4th biggest position. Naviter Wealth LLC’s holdings in NVIDIA were worth $24,624,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its stake in 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 buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at about $51,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Campbell Capital Management Inc. raised its holdings 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 acquiring an additional 590 shares in the last quarter. Finally, Westend Capital Management LLC boosted its position in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Benchmark boosted their price target on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Bank of America raised their target price on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Rosenblatt Securities boosted their target price on shares of NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $233.75.

NVIDIA Stock Down 3.7%

NASDAQ NVDA opened at $188.08 on Friday. The company has a 50 day moving average of $183.15 and a 200-day moving average of $161.90. The company has a market cap of $4.57 trillion, a price-to-earnings ratio of 53.58, a PEG ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

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. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,476,577 shares of company stock worth $623,934,187. 4.17% of the stock is currently owned by corporate insiders.

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.