NVIDIA Corporation $NVDA Shares Sold by Zhang Financial LLC

Zhang Financial LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 138,005 shares of the computer hardware maker’s stock after selling 20,290 shares during the quarter. NVIDIA makes up about 1.0% of Zhang Financial LLC’s holdings, making the stock its 20th biggest position. Zhang Financial LLC’s holdings in NVIDIA were worth $21,803,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA during the 1st quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. raised its stake in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Amundi lifted its position in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. Finally, Strs Ohio purchased a new position in shares of NVIDIA in the 1st quarter valued at approximately $1,163,288,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NVDA. Stifel Nicolaus upped their price target on NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. DZ Bank reissued a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $215.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Citigroup boosted their price target on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, HSBC set a $320.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a research report on Wednesday, October 15th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $257.79.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,251,577 shares of company stock worth $583,143,187 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 2.1%

NVDA stock opened at $182.55 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $186.56 and its 200 day moving average price is $169.23. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a market cap of $4.44 trillion, a P/E ratio of 52.01, a P/E/G ratio of 1.49 and a beta of 2.11.

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

NVIDIA Announces Dividend

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

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.