Choreo LLC Sells 48,617 Shares of NVIDIA Corporation $NVDA

Key Points

• Choreo LLC reduced its stake in NVIDIA Corporation by 5.3%, now holding 864,215 shares valued at approximately $93.68 million.
• Several hedge funds modified their positions in NVIDIA, with activities including new stakes and significant increases in holdings, reflecting a robust interest from institutional investors.
• Analysts upgraded NVIDIA's target price to $200, with the company receiving a consensus rating of "Moderate Buy" from multiple financial analysts.

Choreo LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,215 shares of the computer hardware maker's stock after selling 48,617 shares during the quarter. NVIDIA accounts for approximately 1.4% of Choreo LLC's holdings, making the stock its 13th biggest holding. Choreo LLC's holdings in NVIDIA were worth $93,676,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Copia Wealth Management acquired a new position in NVIDIA in the 4th quarter worth $50,000. LSV Asset Management bought a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its position in shares of NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of analyst reports. Raymond James Financial boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Citigroup reissued an "overweight" rating on shares of NVIDIA in a research note on Monday. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday. Finally, Barclays increased their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $192.44.

NVIDIA Stock Up 1.7%

NVIDIA stock traded up $2.9670 during trading hours on Friday, hitting $177.9470. The company had a trading volume of 132,293,948 shares, compared to its average volume of 239,675,250. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm's fifty day moving average is $166.63 and its 200-day moving average is $136.90. 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 released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

NVIDIA 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.