Mizuho Markets Americas LLC Sells 322,351 Shares of NVIDIA Corporation $NVDA

Mizuho Markets Americas LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 990,087 shares of the computer hardware maker's stock after selling 322,351 shares during the period. NVIDIA comprises 2.2% of Mizuho Markets Americas LLC's investment portfolio, making the stock its 14th biggest holding. Mizuho Markets Americas LLC's holdings in NVIDIA were worth $107,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. High Note Wealth LLC increased its holdings in NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC grew its stake in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares in the last quarter. Next Capital Management LLC increased its position in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after purchasing an additional 94 shares during the last quarter. Mendel Capital Management LLC increased its position in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after purchasing an additional 96 shares during the last quarter. Finally, Affiance Financial LLC raised its stake in shares of NVIDIA by 0.7% during the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVDA. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Jefferies Financial Group boosted their price objective on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Robert W. Baird upped their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and one has given 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 price target of $207.83.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were 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 in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction 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 represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,832,755 shares of company stock worth $619,935,680. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $0.58 during trading on Thursday, reaching $176.74. 96,615,914 shares of the stock were exchanged, compared to its average volume of 236,349,500. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The firm has a market cap of $4.29 trillion, a PE ratio of 50.33, a PEG ratio of 1.24 and a beta of 2.10. The stock has a 50-day moving average price of $173.69 and a 200-day moving average price of $140.91. The company has a current ratio of 4.21, a quick ratio of 3.60 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA Company 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.