Lazari Capital Management Inc. Sells 9,391 Shares of NVIDIA Corporation $NVDA

Key Points

• Lazari Capital Management Inc. has reduced its stake in NVIDIA Corporation by 8.4%, selling 9,391 shares and holding 102,217 shares after the transaction, which constitutes about 6.1% of its portfolio.
• Several other hedge funds increased their investments in NVIDIA, with significant increases in stake from firms like Kathleen S. Wright Associates and Campbell Capital Management.
• Equities analysts have generally given NVIDIA positive ratings, with price targets raised by DA Davidson and Mizuho, suggesting strong demand and bullish sentiment surrounding the stock.

Lazari Capital Management Inc. decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,217 shares of the computer hardware maker's stock after selling 9,391 shares during the quarter. NVIDIA accounts for approximately 6.1% of Lazari Capital Management Inc.'s portfolio, making the stock its 5th largest holding. Lazari Capital Management Inc.'s holdings in NVIDIA were worth $16,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. Wedbush restated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, Barclays restated an "overweight" rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Four equities 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.84.

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated 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 sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,587 shares of company stock worth $673,950,484 in the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 4.9%

NASDAQ NVDA opened at $183.16 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. 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 business's fifty day simple moving average is $179.16 and its 200-day simple moving average is $151.02. The firm has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. 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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