BankPlus Wealth Management LLC Cuts Position in NVIDIA Corporation $NVDA

Key Points

• BankPlus Wealth Management LLC reduced its holdings in NVIDIA Corporation by 31.0% during the second quarter, now owning 9,155 shares valued at approximately $1.446 million.
• In contrast, Kingstone Capital Partners increased its stake in NVIDIA dramatically by 267,959.7%, acquiring an additional 382 million shares valued at about $64.98 billion in the same quarter.
• NVIDIA reported a quarterly EPS of $1.05, exceeding expectations, and had a net revenue of $46.74 billion, which was 55.6% higher than the previous year.

BankPlus Wealth Management LLC reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 31.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,155 shares of the computer hardware maker's stock after selling 4,106 shares during the quarter. NVIDIA makes up 1.0% of BankPlus Wealth Management LLC's investment portfolio, making the stock its 19th largest position. BankPlus Wealth Management LLC's holdings in NVIDIA were worth $1,446,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% during 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 in the last quarter. Nuveen LLC purchased a new position in NVIDIA during the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% during the 1st 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 acquiring an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 48,439,859 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased 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 valued at $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the company's 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 of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was 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 directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,947,622 shares of company stock valued at $694,333,235. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 0.3%

NASDAQ NVDA opened at $185.04 on Wednesday. The company's fifty day simple moving average is $178.48 and its 200-day simple moving average is $149.30. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. 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 has a market cap of $4.50 trillion, a P/E ratio of 52.72, a PEG ratio of 1.34 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Analyst Ratings Changes

Several research firms have weighed in on NVDA. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Evercore ISI lifted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $211.26.

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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