KG&L Capital Management LLC Reduces Position in NVIDIA Corporation $NVDA

Key Points

• KG&L Capital Management LLC has reduced its position in NVIDIA Corporation by 7.1% during the 2nd quarter, owning 72,856 shares worth approximately $11.5 million.
• Several institutional investors, including Kingstone Capital Partners which increased its holdings by 267,959.7%, are actively changing their positions in NVIDIA, indicating strong market interest.
• NVIDIA's stock currently has a consensus rating of "Moderate Buy" among analysts, with an average price target raised to $212.84.

KG&L Capital Management LLC lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,856 shares of the computer hardware maker's stock after selling 5,594 shares during the quarter. NVIDIA comprises about 3.4% of KG&L Capital Management LLC's investment portfolio, making the stock its 8th biggest position. KG&L Capital Management LLC's holdings in NVIDIA were worth $11,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its holdings in shares of NVIDIA by 267,959.7% during 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 purchasing an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during 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 acquiring an additional 103,889,872 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA during the 1st quarter valued at about $15,089,414,000. Finally, Amundi boosted its position in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NVDA shares. Morgan Stanley boosted their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Robert W. Baird boosted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Evercore ISI boosted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Four 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. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $212.84.

NVIDIA Stock Down 4.9%

Shares of NVDA stock opened at $183.16 on Friday. The firm has a fifty day moving average of $179.16 and a 200-day moving average of $150.49. 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 Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.18, a P/E/G ratio of 1.39 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was 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 currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer owned 70,558,203 shares in the company, valued at $13,420,170,210.60. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,925,379 shares of company stock valued at $694,277,421. Corporate insiders own 4.17% of the company's stock.

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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