Jordan Park Group LLC Sells 2,000 Shares of NVIDIA Corporation $NVDA

Jordan Park Group LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 56,679 shares of the computer hardware maker’s stock after selling 2,000 shares during the period. NVIDIA makes up approximately 0.6% of Jordan Park Group LLC’s portfolio, making the stock its 21st largest position. Jordan Park Group LLC’s holdings in NVIDIA were worth $8,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NVDA. Harbor Asset Planning Inc. purchased a new position in NVIDIA during the 2nd quarter worth $28,000. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter worth about $51,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter worth about $55,000. Finally, Campbell Capital Management Inc. grew its position in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVDA. Wedbush boosted their target price on NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday. Robert W. Baird set a $275.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Thursday. Susquehanna upped their price objective on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Citigroup boosted their price target on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $257.79.

NVIDIA Stock Performance

Shares of NVDA stock opened at $178.88 on Friday. The firm’s 50 day moving average is $186.46 and its 200 day moving average is $168.03. The stock has a market capitalization of $4.35 trillion, a P/E ratio of 50.96, a PEG 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. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio is 0.99%.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s 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 directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last quarter. 4.17% of the stock is owned by company insiders.

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.