Global Strategic Investment Solutions LLC Sells 1,894 Shares of NVIDIA Corporation $NVDA

Key Points

• Global Strategic Investment Solutions LLC reduced its stake in NVIDIA Corporation by 10.2%, selling 1,894 shares, bringing their total holdings to 16,728 shares valued at $2,643,000.
• Analysts are optimistic about NVIDIA's performance, with several firms raising their target prices significantly, leading to a consensus target of $222.23 and a consensus rating of "Buy."
• Insiders have sold a total of 3,801,577 shares in the last 90 days, amounting to approximately $678.6 million, indicating notable insider activity around the stock.

Global Strategic Investment Solutions LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,728 shares of the computer hardware maker's stock after selling 1,894 shares during the quarter. Global Strategic Investment Solutions LLC's holdings in NVIDIA were worth $2,643,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter valued at $51,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 2nd quarter valued at $55,000. Campbell Capital Management Inc. lifted its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC boosted its position in NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Wolfe Research raised their price objective on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. New Street Research upped their target price on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Morgan Stanley lifted their price target on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus target price of $222.23.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the business'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 transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's 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 sale, the director 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 disclosure for this sale can be found here. Insiders have sold a total of 3,801,577 shares of company stock valued at $678,643,875 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.0%

Shares of NVDA stock opened at $182.16 on Friday. The stock has a market cap of $4.43 trillion, a P/E ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $179.35 and a 200 day simple moving average of $155.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm 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 company's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

About NVIDIA

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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