NVIDIA Corporation $NVDA Shares Sold by Twin Capital Management Inc.

Key Points

• Twin Capital Management Inc. has reduced its stake in NVIDIA Corporation by 5.8%, selling 21,814 shares and now holding 355,392 shares, which is approximately 4.5% of its investment portfolio.
• Recent price target updates from analysts include Oppenheimer raising it to $200.00 and Piper Sandler setting it at $225.00, reflecting a positive outlook on NVIDIA's stock.
• Insider selling activity was noted, with CFO Colette Kress selling 27,640 shares and CEO Jen Hsun Huang selling 75,000 shares, indicating a slight decrease in their respective ownership stakes.

Twin Capital Management Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,392 shares of the computer hardware maker's stock after selling 21,814 shares during the period. NVIDIA comprises 4.5% of Twin Capital Management Inc.'s holdings, making the stock its 3rd largest position. Twin Capital Management Inc.'s holdings in NVIDIA were worth $38,517,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVDA. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% during 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 stake in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE lifted its position in NVIDIA by 6.7% during the fourth 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 last quarter. Hudson Value Partners LLC lifted its position in NVIDIA by 30.7% during the fourth 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 last quarter. Finally, JPL Wealth Management LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $3,380,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVDA. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Thursday, May 29th. DA Davidson lifted their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and issued a $206.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group boosted their target price on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $189.28.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the sale, the director owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders have sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $5.6210 on Tuesday, hitting $176.3890. 134,558,082 shares of the company traded hands, compared to its average volume of 240,815,766. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market cap of $4.30 trillion, a P/E ratio of 56.85, a P/E/G ratio of 1.59 and a beta of 2.14. The firm's 50-day simple moving average is $164.75 and its 200 day simple moving average is $135.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue was up 69.2% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were 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 was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

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.