Mainstream Capital Management LLC Has $4.31 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Mainstream Capital Management LLC reduced its NVIDIA holdings by 9.3%, ending the second quarter with a position valued at $4.31 million, making it the firm's 5th largest investment.
• Several institutional investors significantly increased their positions in NVIDIA, including Kingstone Capital, which raised its holdings by an astonishing 267,959.7%.
• NVIDIA's stock price is currently around $187.62, with recent earnings exceeding expectations and the company announcing a dividend of $0.01 per share.

Mainstream Capital Management LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,252 shares of the computer hardware maker's stock after selling 2,789 shares during the period. NVIDIA makes up about 3.1% of Mainstream Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Mainstream Capital Management LLC's holdings in NVIDIA were worth $4,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted 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 acquiring an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. lifted its holdings 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 worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in shares of NVIDIA during the 1st quarter worth about $15,089,414,000. Finally, Amundi lifted its holdings in 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 purchasing an additional 18,733,431 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. New Street Research lifted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. Citigroup reissued a "buy" rating and set a $210.00 price target (up from $200.00) on shares of NVIDIA in a report on Tuesday. Wells Fargo & Company lifted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Needham & Company LLC reissued a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Finally, Barclays reissued an "overweight" rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

Insider Activity

In other news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the 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 transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,097,407 shares of company stock valued at $714,378,504. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 0.7%

NVIDIA stock opened at $187.62 on Friday. The stock has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. 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 company has a 50 day moving average of $178.11 and a 200-day moving average of $148.15.

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, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. 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 company posted $0.68 earnings per share. The firm's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS 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 given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.

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.

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