Elm Partners Management LLC Buys Shares of 120,475 NVIDIA Corporation $NVDA

Elm Partners Management LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 120,475 shares of the computer hardware maker’s stock, valued at approximately $19,034,000. NVIDIA accounts for about 1.1% of Elm Partners Management LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors have also modified their holdings of NVDA. Harbor Asset Planning Inc. acquired a new position in NVIDIA in the 2nd quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the second quarter valued at $55,000. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in 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 during the last quarter. Westend Capital Management LLC lifted 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 worth $72,000 after buying an additional 145 shares during the period. Finally, Copia Wealth Management boosted its stake in NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 2.0%

Shares of NASDAQ NVDA opened at $176.67 on Friday. The stock has a fifty day moving average price of $186.90 and a 200 day moving average price of $170.47. 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 cap of $4.29 trillion, a P/E ratio of 50.33, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. The company 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 company’s revenue was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. NVIDIA has set its Q4 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 626 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $179.42, for a total transaction of $112,316.92. Following the sale, the director directly owned 17,792 shares of the company’s stock, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,177,203 shares of company stock worth $570,171,004 over the last 90 days. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVDA shares. Wolfe Research upped their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $265.00 price target (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. New Street Research restated a “buy” rating and set a $307.00 price objective on shares of NVIDIA in a report on Thursday, October 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $240.00 target price (up from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Five 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $258.30.

About NVIDIA

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.