NVIDIA Corporation $NVDA Holdings Lessened by Lyell Wealth Management LP

Key Points

• Lyell Wealth Management LP reduced its stake in NVIDIA Corporation by 3.5%, owning 589,371 shares after selling 21,584 shares, which represents 6.0% of its portfolio and a value of $63,876,000.
• NVIDIA reported a quarterly earnings per share (EPS) of $1.05, exceeding estimates, with revenue up 55.6% year-over-year at $46.74 billion.
• Recent analyst price targets for NVIDIA have been raised, with Mizuho setting a new target of $205.00 and Craig Hallum raising it to $245.00, reflecting positive market sentiment.

Lyell Wealth Management LP cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,371 shares of the computer hardware maker's stock after selling 21,584 shares during the quarter. NVIDIA comprises about 6.0% of Lyell Wealth Management LP's portfolio, making the stock its biggest position. Lyell Wealth Management LP's holdings in NVIDIA were worth $63,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its position in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, RWA Wealth Partners LLC lifted its position in NVIDIA by 10.1% during the 4th quarter. RWA Wealth Partners LLC now owns 301,389 shares of the computer hardware maker's stock worth $40,241,000 after acquiring an additional 27,635 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,801,604 shares of company stock worth $747,046,639. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $0.43 during mid-day trading on Wednesday, reaching $171.21. 31,790,015 shares of the stock traded hands, compared to its average volume of 237,952,016. The business has a 50-day moving average of $171.89 and a 200 day moving average of $139.57. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market capitalization of $4.16 trillion, a PE ratio of 48.68, a PEG ratio of 1.30 and a beta of 2.10. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVDA shares. Robert W. Baird lifted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Cantor Fitzgerald restated an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Truist Financial upped their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Profile

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.