NVIDIA Corporation $NVDA Shares Sold by AI Squared Management Ltd

AI Squared Management Ltd trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 37.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,152 shares of the computer hardware maker's stock after selling 17,148 shares during the period. NVIDIA makes up about 2.9% of AI Squared Management Ltd's portfolio, making the stock its 11th biggest position. AI Squared Management Ltd's holdings in NVIDIA were worth $3,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Astoria Portfolio Advisors LLC. lifted its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group lifted its stake in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC lifted its stake in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its stake in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its stake in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. This 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 through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,872,755 shares of company stock valued at $764,283,330. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Robert W. Baird boosted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. DA Davidson boosted their target price on shares of NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $167.02 on Friday. The firm has a market cap of $4.06 trillion, a PE ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. The firm has a fifty day moving average of $172.73 and a 200 day moving average of $140.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48.

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. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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