AFG Fiduciary Services Limited Partnership Reduces Position in NVIDIA Corporation $NVDA

Key Points

• AFG Fiduciary Services Limited Partnership reduced its stake in NVIDIA Corporation by 32.9% during the second quarter, selling 5,922 shares and holding a total of 12,073 shares valued at approximately $1.85 million.
• Other institutional investors, such as Kingstone Capital Partners and Goldman Sachs Group, have significantly increased their positions in NVIDIA, indicating strong interest in the stock amidst recent market fluctuations.
• NVIDIA has received multiple price target increases and positive ratings from analysts, with a current consensus rating of "Moderate Buy" and an average target price of $209.82.

AFG Fiduciary Services Limited Partnership decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 32.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,073 shares of the computer hardware maker's stock after selling 5,922 shares during the quarter. NVIDIA makes up 0.5% of AFG Fiduciary Services Limited Partnership's holdings, making the stock its 22nd largest holding. AFG Fiduciary Services Limited Partnership's holdings in NVIDIA were worth $1,851,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its holdings in 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 valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA in the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC grew its holdings in NVIDIA by 12,173.2% during 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 purchasing an additional 48,439,859 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% in 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 purchasing an additional 23,948,733 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Truist Financial upped their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Barclays restated an "overweight" rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six 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 company has a consensus rating of "Moderate Buy" and an average target price of $209.82.

NVIDIA Trading Up 0.3%

Shares of NVIDIA stock opened at $178.19 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market cap of $4.33 trillion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The firm has a fifty day moving average price of $176.60 and a 200 day moving average price of $146.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 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 analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 EPS. The company's quarterly revenue was up 55.6% on a year-over-year basis. 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 year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,050,558 shares of company stock worth $701,164,609 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

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.

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