Gateway Investment Advisers LLC Cuts Holdings in NVIDIA Corporation $NVDA

Key Points

• Gateway Investment Advisers LLC reduced its stake in NVIDIA Corporation by 4.9%, selling 223,660 shares, leaving them with 4,375,386 shares valued at approximately $691 million.
• A number of other institutional investors increased their holdings in NVIDIA, with Baron Wealth Management raising their position by 36.4% and Seneca House Advisors by 71.4%.
• NVIDIA's stock recently received positive analyst ratings, with price targets raised by multiple firms, including a new target of $250 from Loop Capital.

Gateway Investment Advisers LLC trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,375,386 shares of the computer hardware maker's stock after selling 223,660 shares during the period. NVIDIA accounts for about 7.6% of Gateway Investment Advisers LLC's investment portfolio, making the stock its largest position. Gateway Investment Advisers LLC's holdings in NVIDIA were worth $691,267,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NVDA. Baron Wealth Management LLC raised its position in shares of NVIDIA by 36.4% in the second quarter. Baron Wealth Management LLC now owns 24,313 shares of the computer hardware maker's stock valued at $3,841,000 after purchasing an additional 6,488 shares during the period. Seneca House Advisors raised its position in shares of NVIDIA by 71.4% in the second quarter. Seneca House Advisors now owns 3,864 shares of the computer hardware maker's stock valued at $610,000 after purchasing an additional 1,609 shares during the period. StrongBox Wealth LLC raised its holdings in NVIDIA by 0.9% in the 2nd quarter. StrongBox Wealth LLC now owns 21,775 shares of the computer hardware maker's stock worth $3,440,000 after acquiring an additional 194 shares during the period. Lifelong Wealth Advisors Inc. raised its holdings in NVIDIA by 47.9% in the 2nd quarter. Lifelong Wealth Advisors Inc. now owns 5,220 shares of the computer hardware maker's stock worth $825,000 after acquiring an additional 1,691 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in NVIDIA by 7.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 150,018 shares of the computer hardware maker's stock worth $23,701,000 after acquiring an additional 10,003 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and issued a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a report on Thursday, August 28th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. JPMorgan Chase & Co. reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research note on Friday. Wolfe Research lifted their price target on NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, Loop Capital lifted their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.47.

Insider Activity

In other news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the sale, the director directly owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,109,874 shares of company stock worth $698,280,697. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Up 3.9%

NASDAQ NVDA opened at $183.61 on Tuesday. The stock's 50 day simple moving average is $176.12 and its 200 day simple moving average is $144.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.46 trillion, a PE ratio of 52.31, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for 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 quarter in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 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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