Clal Insurance Enterprises Holdings Ltd Sells 870,751 Shares of NVIDIA Corporation $NVDA

Clal Insurance Enterprises Holdings Ltd lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 675,655 shares of the computer hardware maker's stock after selling 870,751 shares during the quarter. Clal Insurance Enterprises Holdings Ltd's holdings in NVIDIA were worth $73,234,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the period. Northern Trust Corp lifted its position in shares of NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after acquiring an additional 20,494,402 shares during the period. Goldman Sachs Group Inc. raised 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 in the last quarter. Finally, Capital World Investors raised its holdings in shares of NVIDIA by 6.5% in the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock worth $18,925,009,000 after buying an additional 8,555,411 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares of the company's stock, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, September 8th. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00. Following the completion of the sale, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,832,755 shares of company stock valued at $619,935,680 over the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.5%

NVDA stock opened at $170.76 on Wednesday. The business has a fifty day moving average price of $173.29 and a 200 day moving average price of $140.65. The stock has a market capitalization of $4.15 trillion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 1.22 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Dividend Announcement

The company 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 $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wolfe Research increased their target price on NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Bank of America increased their target price on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. UBS Group increased their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Stifel Nicolaus increased their target price on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $207.42.

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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