NVIDIA Corporation $NVDA Stake Decreased by Balboa Wealth Partners

Balboa Wealth Partners decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 284,999 shares of the computer hardware maker’s stock after selling 3,939 shares during the quarter. NVIDIA comprises approximately 9.0% of Balboa Wealth Partners’ portfolio, making the stock its biggest holding. Balboa Wealth Partners’ holdings in NVIDIA were worth $45,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. boosted its holdings in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after acquiring an additional 864 shares in the last quarter. Fielder Capital Group LLC raised its position in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after purchasing an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Sentinel Pension Advisors LLC grew its holdings in shares of NVIDIA by 4.1% during the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after purchasing an additional 107 shares during the last quarter. Finally, ORG Wealth Partners LLC increased its stake in shares of NVIDIA by 7.7% in the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after buying an additional 3,542 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVDA. Morgan Stanley reiterated an “overweight” rating on shares of NVIDIA in a research report on Wednesday, October 29th. Needham & Company LLC boosted their target price on shares of NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Mizuho set a $235.00 price target on shares of NVIDIA in a research note on Wednesday, October 29th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. Finally, DA Davidson set a $250.00 price objective on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus price target of $237.74.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $186.86 on Friday. The firm’s 50 day moving average price is $185.14 and its two-hundred day moving average price is $164.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock has a market cap of $4.54 trillion, a PE ratio of 53.24, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 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.