NVIDIA Corporation $NVDA Position Cut by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,958 shares of the computer hardware maker’s stock after selling 1,849 shares during the quarter. NVIDIA makes up approximately 3.8% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 3rd biggest position. Smithbridge Asset Management Inc. DE’s holdings in NVIDIA were worth $21,638,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Morton Brown Family Wealth LLC increased its stake in NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after purchasing an additional 58 shares during the period. Copia Wealth Management grew its holdings in shares of NVIDIA by 14.7% during the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after buying an additional 60 shares during the last quarter. Pachira Investments Inc. increased its position in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after acquiring an additional 63 shares during the period. Warner Financial Inc. raised its stake in NVIDIA by 2.3% during the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock valued at $460,000 after acquiring an additional 66 shares during the last quarter. Finally, HFG Wealth Management LLC raised its stake in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after acquiring an additional 68 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA opened at $188.15 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock has a market cap of $4.57 trillion, a P/E ratio of 53.60, 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. The company has a 50-day moving average of $183.43 and a two-hundred day moving average of $163.40.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the company posted $0.68 EPS. The company’s revenue was up 55.6% on a year-over-year basis. 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 fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is 1.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Barclays reiterated an “overweight” rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. KeyCorp reissued an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $233.75.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of the 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 owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,401,577 shares of company stock worth $610,228,687 over the last 90 days. Company insiders own 4.17% of the company’s stock.

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.