JDH Wealth Management LLC Decreases Stock Holdings in NVIDIA Corporation $NVDA

JDH Wealth Management LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 14.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,833 shares of the computer hardware maker’s stock after selling 2,062 shares during the quarter. NVIDIA accounts for 1.4% of JDH Wealth Management LLC’s portfolio, making the stock its 18th largest position. JDH Wealth Management LLC’s holdings in NVIDIA were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in NVIDIA in the second quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% in 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 last quarter. Westend Capital Management LLC grew its position in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares during the period. Finally, Copia Wealth Management increased its holdings in NVIDIA by 14.7% during the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after buying an additional 60 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the transaction, the chief executive officer owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. 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 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 2.1%

Shares of NVDA opened at $182.55 on Tuesday. The business’s 50 day moving average is $186.56 and its 200 day moving average is $169.23. 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 $4.44 trillion, a PE ratio of 52.01, 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was up 62.5% on a year-over-year basis. 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 Announces Dividend

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 issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NVDA shares. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Sanford C. Bernstein boosted their price target on NVIDIA from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. CICC Research lifted their price objective on NVIDIA from $200.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Truist Financial boosted their price objective on NVIDIA from $228.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Four 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $257.79.

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.