Smith Group Asset Management LLC Trims Stock Position in NVIDIA Corporation $NVDA

Smith Group Asset Management LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,395 shares of the computer hardware maker’s stock after selling 3,320 shares during the period. Smith Group Asset Management LLC’s holdings in NVIDIA were worth $10,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at about $28,000. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. grew its position in shares of 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 during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of NVIDIA in a research report on Wednesday, October 29th. Wedbush reiterated an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of NVIDIA in a report on Thursday, November 13th. Arete upped their price objective on NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and an average target price of $240.49.

Insider Activity

In other 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 completion of the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $181.36 on Wednesday. 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 stock has a 50 day simple moving average of $186.18 and a 200-day simple moving average of $167.35. The company has a market cap of $4.41 trillion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19.

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. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current 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 was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 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.