BOCHK Asset Management Ltd Reduces Stock Position in NVIDIA Corporation $NVDA

Key Points

• BOCHK Asset Management Ltd significantly reduced its stake in NVIDIA Corporation by 94.0% in the second quarter, bringing its holdings down to 4,000 shares, valued at approximately $632,000.
• Other institutional investors, such as Kingstone Capital Partners and Goldman Sachs, made large increases in their holdings of NVIDIA, with Kingstone adding a staggering 267,959.7% to its position.
• NVIDIA recently reported strong quarterly earnings, with revenues reaching $46.74 billion, a 55.6% increase compared to the same quarter last year, and the company has established a consensus rating of "Buy" from analysts.

BOCHK Asset Management Ltd cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 94.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the computer hardware maker's stock after selling 62,150 shares during the period. NVIDIA accounts for 0.2% of BOCHK Asset Management Ltd's portfolio, making the stock its 19th largest holding. BOCHK Asset Management Ltd's holdings in NVIDIA were worth $632,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC lifted its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA in the 1st quarter worth $15,089,414,000. Finally, Amundi lifted its stake in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,753,937 shares of company stock valued at $667,769,026 over the last three months. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. reissued a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. UBS Group set a $320.00 price target on NVIDIA in a research note on Wednesday. Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $222.23.

NVIDIA Stock Up 0.8%

NASDAQ NVDA opened at $183.22 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $179.40 and a two-hundred day moving average of $152.97. The firm has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company 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%. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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