Claris Advisors LLC MO Lowers Holdings in NVIDIA Corporation $NVDA

Key Points

• Claris Advisors LLC trimmed its holdings in NVIDIA Corporation by 44% in the second quarter, now owning 3,441 shares valued at approximately $544,000.
• Several hedge funds increased their stakes in NVIDIA, with Kingstone Capital Partners raising its stake by an astonishing 267,959.7%, now owning over 382 million shares valued at nearly $65 billion.
• NVIDIA reported a 55.6% year-over-year increase in revenue to $46.74 billion for the last quarter, surpassing analysts' expectations with an EPS of $1.05.

Claris Advisors LLC MO trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 44.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,441 shares of the computer hardware maker's stock after selling 2,707 shares during the quarter. Claris Advisors LLC MO's holdings in NVIDIA were worth $544,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in 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 valued at $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA in the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its stake 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 during the last quarter. Assenagon Asset Management S.A. raised its stake 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 during the last quarter. Finally, Amundi increased its holdings in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 2.8%

Shares of NVDA opened at $188.32 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The stock's 50 day moving average is $179.32 and its two-hundred day moving average is $151.57. The firm has a market cap of $4.58 trillion, a P/E ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NVDA. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Evercore ISI increased 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. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $213.37.

Insider Activity

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock worth $665,807,776 in the last quarter. Corporate insiders own 4.17% of the company's stock.

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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