Wendell David Associates Inc. Has $2.26 Million Stake in NVIDIA Corporation $NVDA

Wendell David Associates Inc. decreased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,317 shares of the computer hardware maker’s stock after selling 680 shares during the period. Wendell David Associates Inc.’s holdings in NVIDIA were worth $2,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Disciplined Investments LLC grew its position in NVIDIA by 1.1% during the 2nd quarter. Disciplined Investments LLC now owns 12,436 shares of the computer hardware maker’s stock worth $1,965,000 after acquiring an additional 136 shares during the last quarter. Financial Synergies Wealth Advisors Inc. grew its holdings in shares of NVIDIA by 69.7% during the second quarter. Financial Synergies Wealth Advisors Inc. now owns 6,833 shares of the computer hardware maker’s stock worth $1,080,000 after purchasing an additional 2,806 shares during the last quarter. Kelman Lazarov Inc. raised its stake in shares of NVIDIA by 65.5% during the second quarter. Kelman Lazarov Inc. now owns 5,288 shares of the computer hardware maker’s stock valued at $835,000 after acquiring an additional 2,092 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its holdings in NVIDIA by 3.9% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 11,687 shares of the computer hardware maker’s stock worth $1,846,000 after buying an additional 441 shares during the period. Finally, Violich Capital Management Inc. lifted its stake in shares of NVIDIA by 25.1% in the second quarter. Violich Capital Management Inc. now owns 2,490 shares of the computer hardware maker’s stock worth $393,000 after acquiring an additional 500 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NVDA shares. HSBC set a $320.00 price target on NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Monday. Loop Capital raised their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $240.00 price objective (up from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Finally, Susquehanna upped their price objective on NVIDIA from $210.00 to $230.00 and gave the company a “positive” rating in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $237.74.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,326,577 shares of company stock valued at $596,625,187 in the last ninety days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $188.54 on Thursday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The stock has a market capitalization of $4.58 trillion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a 50 day moving average price of $184.84 and a 200 day moving average price of $164.84.

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

NVIDIA Dividend Announcement

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

NVIDIA Company 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.