Advisors Asset Management Inc. Lowers Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Advisors Asset Management Inc. reduced its stake in NVIDIA Corporation by 12.8%, selling 24,345 shares during the first quarter, leaving it with 166,133 shares valued at approximately $18 million.
• Despite the reduction, other institutional investors are actively increasing their positions, with Copia Wealth Management and Campbell Capital Management significantly purchasing new stakes in NVIDIA.
• Analysts maintain a positive outlook, with a consensus price target increase for NVIDIA shares, ranging from $205 to $230, reflecting strong market sentiment.

Advisors Asset Management Inc. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,133 shares of the computer hardware maker's stock after selling 24,345 shares during the quarter. Advisors Asset Management Inc.'s holdings in NVIDIA were worth $18,005,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of NVIDIA during the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. increased 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 buying an additional 103,889,872 shares during the period. GAMMA Investing LLC raised its holdings in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp boosted its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the sale, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This trade represents a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,907,755 shares of company stock worth $633,253,430 over the last three months. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVDA. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Robert W. Baird raised their price objective on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Jefferies Financial Group upped their target price on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.83.

NVIDIA Stock Up 0.4%

Shares of NASDAQ NVDA traded up $0.65 during trading on Friday, hitting $177.82. 124,573,313 shares of the company traded hands, compared to its average volume of 177,755,424. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business's fifty day moving average is $174.42 and its 200 day moving average is $141.58. The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

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.