Enzi Wealth Sells 2,123 Shares of NVIDIA Corporation $NVDA

Key Points

• Enzi Wealth has reduced its stake in NVIDIA Corporation by 10.2%, now holding 18,692 shares valued at $3,083,000, making it the 19th largest position in their portfolio.
• Insider trading saw significant activity, with 225,000 shares sold by Director Harvey C. Jones and 350,000 shares sold by Director Mark A. Stevens, indicating a 3.36% and 4.52% decrease in their respective holdings.
• Several brokerages have raised their target prices for NVIDIA, with some projecting a target as high as $235.00 and maintaining a consensus rating of “Moderate Buy.”

Enzi Wealth cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,692 shares of the computer hardware maker's stock after selling 2,123 shares during the period. NVIDIA makes up approximately 1.1% of Enzi Wealth's portfolio, making the stock its 19th biggest position. Enzi Wealth's holdings in NVIDIA were worth $3,083,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC raised its position in shares of NVIDIA by 267,959.7% in 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 bought a new stake in NVIDIA in the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. increased its position in 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 valued at $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC increased its position in NVIDIA by 12,173.2% in the 1st 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. increased its position in NVIDIA by 204.6% in the 1st 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. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the company's 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 transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,148,818 shares of company stock worth $720,112,070. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $181.85 on Tuesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The stock's 50 day moving average price is $176.81 and its 200-day moving average price is $146.62. The company has a market capitalization of $4.42 trillion, a PE ratio of 51.81, a PEG ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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 for the quarter, topping 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 the consensus estimate of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. KeyCorp reaffirmed an "overweight" rating and issued a $230.00 target price (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.21.

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.

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