JW Asset Management LLC Sells 122,000 Shares of NVIDIA Corporation $NVDA

Key Points

• JW Asset Management LLC significantly reduced its stake in NVIDIA Corporation by selling 122,000 shares, resulting in an 85.8% decrease in holdings and leaving them with 20,250 shares valued at approximately $2.2 million.
• Multiple brokerages have upped their target prices for NVIDIA, with Oppenheimer setting a new target of $225.00 and several firms providing ratings ranging from "Buy" to "Strong Buy."
• NVIDIA reported a strong quarterly performance, with revenue of $46.74 billion and an EPS of $1.05, exceeding analyst expectations and reflecting a 55.6% year-over-year increase.

JW Asset Management LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 85.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,250 shares of the computer hardware maker's stock after selling 122,000 shares during the period. NVIDIA makes up about 1.2% of JW Asset Management LLC's investment portfolio, making the stock its 8th biggest position. JW Asset Management LLC's holdings in NVIDIA were worth $2,195,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Greykasell Wealth Strategies Inc. lifted its holdings in NVIDIA by 3.9% in the first quarter. Greykasell Wealth Strategies Inc. now owns 18,905 shares of the computer hardware maker's stock valued at $2,049,000 after buying an additional 709 shares during the period. Strategy Asset Managers LLC increased its stake in NVIDIA by 1.6% in the first quarter. Strategy Asset Managers LLC now owns 53,160 shares of the computer hardware maker's stock valued at $5,762,000 after purchasing an additional 853 shares in the last quarter. Hemington Wealth Management increased its stake in NVIDIA by 0.7% in the first quarter. Hemington Wealth Management now owns 21,950 shares of the computer hardware maker's stock valued at $2,378,000 after purchasing an additional 153 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its stake in NVIDIA by 1.8% in the first quarter. Roberts Glore & Co. Inc. IL now owns 27,186 shares of the computer hardware maker's stock valued at $2,946,000 after purchasing an additional 471 shares in the last quarter. Finally, Leeward Financial Partners LLC increased its stake in NVIDIA by 8.1% in the first quarter. Leeward Financial Partners LLC now owns 50,107 shares of the computer hardware maker's stock valued at $5,431,000 after purchasing an additional 3,770 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on NVDA. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. UBS Group upped their target price on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Thursday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $207.69.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% 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 hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,872,755 shares of company stock worth $764,283,330 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 2.7%

Shares of NASDAQ:NVDA opened at $167.02 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's fifty day simple moving average is $172.73 and its 200 day simple moving average is $140.20. The firm has a market cap of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. 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 (DPR) is 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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