Alpine Bank Wealth Management Reduces Holdings in NVIDIA Corporation $NVDA

Alpine Bank Wealth Management decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,021 shares of the computer hardware maker’s stock after selling 152 shares during the period. NVIDIA makes up approximately 0.7% of Alpine Bank Wealth Management’s investment portfolio, making the stock its 21st largest holding. Alpine Bank Wealth Management’s holdings in NVIDIA were worth $4,901,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Albion Financial Group UT grew its stake in shares of NVIDIA by 0.4% during the second quarter. Albion Financial Group UT now owns 305,519 shares of the computer hardware maker’s stock worth $48,269,000 after acquiring an additional 1,185 shares during the last quarter. Greenbush Financial Group LLC grew its stake in shares of NVIDIA by 5.8% during the second quarter. Greenbush Financial Group LLC now owns 24,288 shares of the computer hardware maker’s stock worth $3,837,000 after acquiring an additional 1,328 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of NVIDIA by 6.5% during the second quarter. Sound Income Strategies LLC now owns 59,350 shares of the computer hardware maker’s stock worth $9,377,000 after acquiring an additional 3,637 shares during the last quarter. Capital Insight Partners LLC boosted its position in NVIDIA by 38.8% in the second quarter. Capital Insight Partners LLC now owns 91,317 shares of the computer hardware maker’s stock valued at $14,427,000 after buying an additional 25,513 shares during the last quarter. Finally, Genesis Private Wealth LLC boosted its position in NVIDIA by 2.1% in the second quarter. Genesis Private Wealth LLC now owns 15,867 shares of the computer hardware maker’s stock valued at $2,507,000 after buying an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the 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 in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,801,587 shares of company stock worth $673,950,484 in the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Down 4.9%

NVIDIA stock opened at $183.16 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The firm has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $179.16 and its two-hundred day simple moving average is $151.02.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on NVDA shares. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho upped their target price on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research report on Monday, October 6th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.84.

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.