NVIDIA Corporation $NVDA Holdings Trimmed by MGO One Seven LLC

Key Points

• MGO One Seven LLC has reduced its holdings in NVIDIA Corporation by 12.9%, selling 137,380 shares in the first quarter, leaving them with approximately $100.2 million in total investments in the company.
• Wall Street analysts have raised their price targets for NVIDIA, with Evercore ISI increasing the price objective from $190 to $214, and JPMorgan Chase raising it from $170 to $215, reflecting a generally optimistic outlook on the stock.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, which will be paid on October 2nd, 2023, following a record date of September 11th, highlighting the company's ongoing commitment to returning value to shareholders.

MGO One Seven LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 924,526 shares of the computer hardware maker's stock after selling 137,380 shares during the quarter. NVIDIA makes up 3.9% of MGO One Seven LLC's portfolio, making the stock its biggest position. MGO One Seven LLC's holdings in NVIDIA were worth $100,200,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NVDA. GAMMA Investing LLC boosted its position in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Northern Trust Corp boosted its stake in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the 4th quarter worth approximately $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock valued at $26,978,618,000 after buying an additional 20,494,402 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $5.99 on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The stock has a 50-day moving average price of $170.83 and a 200-day moving average price of $139.08. 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 issued 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect 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. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Analyst Upgrades and Downgrades

Several brokerages have commented on NVDA. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday. DA Davidson upped their price objective on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday. Wolfe Research upped their price objective on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on NVIDIA from $170.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. Four 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 issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is currently owned by corporate insiders.

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.