NVIDIA Corporation $NVDA Position Decreased by Scott & Selber Inc.

Scott & Selber Inc. lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 181,458 shares of the computer hardware maker’s stock after selling 11,913 shares during the quarter. NVIDIA accounts for approximately 8.0% of Scott & Selber Inc.’s investment portfolio, making the stock its largest holding. Scott & Selber Inc.’s holdings in NVIDIA were worth $28,669,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Genesis Private Wealth LLC raised its holdings in shares of NVIDIA by 2.1% in the 2nd quarter. Genesis Private Wealth LLC now owns 15,867 shares of the computer hardware maker’s stock valued at $2,507,000 after acquiring an additional 329 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of NVIDIA by 86.4% in the 2nd quarter. Global Trust Asset Management LLC now owns 21,550 shares of the computer hardware maker’s stock valued at $3,405,000 after acquiring an additional 9,990 shares in the last quarter. Investment Advisory Services Inc. TX ADV raised its holdings in shares of NVIDIA by 5.6% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 10,503 shares of the computer hardware maker’s stock valued at $1,659,000 after acquiring an additional 554 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of NVIDIA by 2.2% in the 2nd quarter. Independence Bank of Kentucky now owns 131,138 shares of the computer hardware maker’s stock valued at $20,718,000 after acquiring an additional 2,832 shares in the last quarter. Finally, Walker Asset Management LLC raised its holdings in shares of NVIDIA by 0.6% in the 2nd quarter. Walker Asset Management LLC now owns 33,627 shares of the computer hardware maker’s stock valued at $5,313,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Wedbush reiterated an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Craig Hallum increased their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Wells Fargo & Company increased their price objective on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.84.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,587 shares of company stock worth $673,950,484 in the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA opened at $183.16 on Monday. The stock’s 50 day simple moving average is $179.16 and its 200 day simple moving average is $151.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

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.