Crown Advisors Management Inc. Has $9.48 Million Stock Position in NVIDIA Corporation $NVDA

Crown Advisors Management Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 60,000 shares of the computer hardware maker’s stock after selling 10,000 shares during the quarter. NVIDIA accounts for 7.6% of Crown Advisors Management Inc.’s holdings, making the stock its 2nd largest position. Crown Advisors Management Inc.’s holdings in NVIDIA were worth $9,479,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC lifted its position in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Nuveen LLC acquired a new position in shares of NVIDIA in the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Amundi lifted its position in NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. Finally, Strs Ohio acquired a new stake in NVIDIA during the first quarter worth $1,163,288,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NVDA shares. Bank of America raised their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating and issued a $235.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a report on Tuesday. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on NVIDIA from $180.00 to $215.00 and gave the stock a “hold” rating in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $258.30.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This trade represents a 0.04% 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 John Dabiri sold 626 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the completion of the transaction, the director owned 17,792 shares of the company’s stock, valued at $3,192,240.64. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,177,203 shares of company stock valued at $570,171,004 in the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Down 2.0%

NASDAQ NVDA opened at $176.67 on Friday. The stock’s 50 day simple moving average is $186.90 and its 200 day simple moving average is $170.47. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, sell-side analysts forecast 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. Investors of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is 0.99%.

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.