Enclave Advisors LLC Lowers Stock Position in NVIDIA Corporation $NVDA

Key Points

• Enclave Advisors LLC reduced its stake in NVIDIA Corporation by 4.6%, ending with 64,317 shares worth approximately $10.16 million, making NVIDIA their 19th largest position.
• NVIDIA insiders, including Director Mark A. Stevens, sold a significant number of shares in September, totaling over $673 million worth of stock sold in the last 90 days, which reflects a decreasing trend in their ownership.
• Research firms remain bullish on NVIDIA, with analysts setting price targets as high as $250, reflecting a consensus "Moderate Buy" rating.

Enclave Advisors LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,317 shares of the computer hardware maker's stock after selling 3,107 shares during the period. NVIDIA accounts for about 1.6% of Enclave Advisors LLC's holdings, making the stock its 19th biggest position. Enclave Advisors LLC's holdings in NVIDIA were worth $10,162,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA during the second quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Westend Capital Management LLC grew its position in NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after buying an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in 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. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction 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 transaction, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,801,587 shares of company stock valued at $673,950,484 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVDA. KeyCorp reiterated an "overweight" rating and issued a $250.00 price objective (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the company a "buy" rating in a research report on Monday, October 6th. New Street Research lifted their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Benchmark lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.84.

NVIDIA Price Performance

NVIDIA stock opened at $183.16 on Monday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a fifty day moving average of $179.16 and a two-hundred day moving average of $151.02. The company has a market cap of $4.45 trillion, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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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