Kraft Asset Management LLC Sells 2,606 Shares of NVIDIA Corporation $NVDA

Key Points

• Kraft Asset Management LLC reduced its stake in NVIDIA Corporation by 60.8% during the second quarter, selling 2,606 shares and retaining 1,681 shares valued at $266,000.
• Director Harvey C. Jones and CEO Jen Hsun Huang sold significant amounts of NVIDIA stock in September and July respectively, with insiders collectively selling over 4 million shares worth around $714 million in the last ninety days.
• Analysts have set new price targets for NVIDIA, with recommendations including a target price of $225.00 from Robert W. Baird, while the consensus rating remains a "Moderate Buy" with an average target of $211.00.

Kraft Asset Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 60.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,681 shares of the computer hardware maker's stock after selling 2,606 shares during the quarter. Kraft Asset Management LLC's holdings in NVIDIA were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC raised its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated 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. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer directly owned 74,648,225 shares in the company, valued at $12,269,182,261. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,097,407 shares of company stock worth $714,378,504. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Tuesday, September 23rd. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Wedbush reaffirmed an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Robert W. Baird raised their price target on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Finally, Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.00.

NVIDIA Stock Performance

NVDA stock opened at $187.62 on Friday. The business's 50-day moving average price is $178.11 and its two-hundred day moving average price is $148.36. 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 firm has a market cap of $4.56 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05.

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

NVIDIA Announces Dividend

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