NVIDIA Corporation $NVDA is W.G. Shaheen & Associates DBA Whitney & Co’s 8th Largest Position

W.G. Shaheen & Associates DBA Whitney & Co lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,013 shares of the computer hardware maker’s stock after buying an additional 35,352 shares during the period. NVIDIA comprises 2.7% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 8th largest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in NVIDIA were worth $27,176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter valued at $28,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% in the 1st 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 last quarter. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 2nd quarter valued at about $55,000. Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. Finally, Westend Capital Management LLC grew its stake in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm’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 value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,177,203 shares of company stock valued at $570,171,004 in the last 90 days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research report on Tuesday, November 25th. Rothschild & Co Redburn raised their price target on NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Stifel Nicolaus upped their price objective on NVIDIA from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Citigroup raised their target price on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $240.00 price target (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus price target of $258.30.

NVIDIA Stock Down 2.0%

Shares of NVDA opened at $176.67 on Monday. The business’s 50 day moving average is $186.90 and its 200 day moving average is $170.71. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company’s revenue was up 62.5% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

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.