CCM Investment Advisers LLC Lowers Stock Position in NVIDIA Corporation $NVDA

Key Points

• CCM Investment Advisers LLC has reduced its stake in NVIDIA Corporation by 2.2%, owning 248,689 shares valued at approximately $39.29 million, which is its largest holding.
• NVIDIA's recent earnings report showed $1.05 EPS, surpassing estimates, with revenues of $46.74 billion, reflecting a significant 55.6% year-over-year increase.
• The company has received multiple analyst upgrades, with target prices now reaching as high as $240, indicating strong investor confidence and a consensus rating of 'Moderate Buy'.

CCM Investment Advisers LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,689 shares of the computer hardware maker's stock after selling 5,624 shares during the period. NVIDIA comprises 4.2% of CCM Investment Advisers LLC's holdings, making the stock its largest holding. CCM Investment Advisers LLC's holdings in NVIDIA were worth $39,290,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC boosted its position in shares of 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 worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC acquired a new stake in NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its position in 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 in the last quarter. GAMMA Investing LLC boosted its position in NVIDIA by 12,173.2% in the first 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in NVIDIA by 204.6% in the first 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 buying an additional 23,948,733 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 0.7%

NVIDIA stock opened at $187.62 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The stock has a market cap of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. The firm's 50-day simple moving average is $178.11 and its 200 day simple moving average is $148.15. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Benchmark raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. New Street Research raised their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Barclays reissued an "overweight" rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven 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, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $211.00.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the business's 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 transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,097,407 shares of company stock worth $714,378,504. 4.17% of the stock is owned by insiders.

NVIDIA Company Profile

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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