Lbp Am Sa Trims Stake in NVIDIA Corporation $NVDA

Key Points

• Lbp Am Sa has reduced its stake in NVIDIA Corporation by 21.5%, now holding approximately 2,909,176 shares valued at $459.6 million.
• NVIDIA's CEO Jen Hsun Huang sold 75,000 shares for about $13.6 million, although he retains over 70 million shares.
• Analysts maintain a consensus "Buy" rating for NVIDIA, with several firms increasing their price targets to as high as $235.

Lbp Am Sa cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,909,176 shares of the computer hardware maker's stock after selling 794,639 shares during the period. NVIDIA makes up approximately 6.5% of Lbp Am Sa's investment portfolio, making the stock its 2nd largest holding. Lbp Am Sa's holdings in NVIDIA were worth $459,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. grew its position in shares of NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares during the last quarter. HFG Wealth Management LLC grew its position in shares of NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC grew its position in shares of NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after purchasing an additional 69 shares during the last quarter. Summit Financial Strategies Inc. grew its position in shares of NVIDIA by 0.6% in the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock valued at $1,839,000 after purchasing an additional 69 shares during the last quarter. Finally, Burkett Financial Services LLC grew its position in shares of NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the completion of the sale, the chief executive officer directly owned 70,333,203 shares in the company, valued at $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 3,753,937 shares of company stock worth $667,769,026 in the last three months. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Bank of America increased their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wedbush reissued an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Stifel Nicolaus increased their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Buy" and an average target price of $222.23.

NVIDIA Stock Up 1.1%

NASDAQ NVDA opened at $181.81 on Friday. The business has a fifty day moving average price of $179.39 and a two-hundred day moving average price of $152.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a market capitalization of $4.42 trillion, a PE ratio of 51.80, a PEG ratio of 1.30 and a beta of 2.12.

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, 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. 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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