NVIDIA Corporation $NVDA Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,860 shares of the computer hardware maker's stock after selling 6,985 shares during the quarter. NVIDIA comprises approximately 7.6% of Audent Global Asset Management LLC's portfolio, making the stock its 3rd biggest holding. Audent Global Asset Management LLC's holdings in NVIDIA were worth $6,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LightSquare Wealth Management LLC increased its position in NVIDIA by 0.3% during the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker's stock worth $3,741,000 after purchasing an additional 49 shares in the last quarter. Defender Capital LLC. raised its stake in shares of NVIDIA by 0.7% in the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker's stock valued at $1,507,000 after acquiring an additional 50 shares during the period. Kooman & Associates raised its stake in shares of NVIDIA by 0.6% in the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker's stock valued at $1,694,000 after acquiring an additional 50 shares during the period. Roof Eidam Maycock Peralta LLC lifted its holdings in shares of NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker's stock valued at $3,767,000 after acquiring an additional 50 shares in the last quarter. Finally, Persium Advisors LLC lifted its holdings in shares of NVIDIA by 3.5% during the 2nd quarter. Persium Advisors LLC now owns 1,466 shares of the computer hardware maker's stock valued at $293,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. KGI Securities increased their price target on NVIDIA from $335.00 to $345.00 in a report on Thursday, August 27th. Rothschild & Co Redburn boosted their price objective on NVIDIA from $300.00 to $325.00 in a research note on Thursday, August 27th. Morgan Stanley set a $300.00 target price on NVIDIA and gave the company an "overweight" rating in a research note on Thursday, August 27th. Wells Fargo & Company reiterated an "overweight" rating and set a $315.00 target price on shares of NVIDIA in a report on Tuesday, August 11th. Finally, UBS Group set a $300.00 price target on NVIDIA and gave the stock a "buy" rating in a research report on Thursday, August 27th. Four investment analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $324.14.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: AI demand remains exceptionally strong. Commentary indicates NVIDIA’s management sees a path to roughly 70% revenue growth in fiscal 2028, well above the approximately 45% previously modeled by analysts. This suggests hyperscaler spending and demand for NVIDIA’s accelerated-computing systems may remain robust for longer than expected. NVIDIA demand growth article
• Positive Sentiment: The Vera Rubin rollout is progressing, with Super Micro Computer reportedly shipping liquid-cooled NVL72 racks for customer deployments. Successful system integration supports NVIDIA’s next-generation sales cycle and reinforces demand for related data-center infrastructure. Vera Rubin shipment article
• Positive Sentiment: Sanford C. Bernstein reaffirmed its “Buy” rating, while other research coverage continues to favor NVIDIA over competing AI-chip stocks because of its faster growth, stronger margins and broader hardware, networking and software ecosystem. NVIDIA versus Marvell analysis
• Neutral Sentiment: NVIDIA’s reported agreement to acquire Hugging Face for nearly $13 billion would expand its access to AI models, developers, datasets and distribution. The strategic benefits could be significant, but the deal’s high price relative to Hugging Face’s reported revenue creates execution and valuation risk. Hugging Face acquisition analysis
• Negative Sentiment: Higher Treasury yields are making expensive technology stocks less attractive and increasing the risk of valuation compression. This macro pressure was the clearest reason for weakness across NVIDIA and other semiconductor shares. Semiconductor stocks and Treasury yields
• Negative Sentiment: Management expects higher memory costs to pressure gross margins, indicating that pricing power is shifting toward memory and optical-networking suppliers. NVIDIA also faces scrutiny from large insider sales, including an approximately $6.8 million Rule 10b5-1 sale by EVP Timothy Teter, although the transaction was prearranged. NVIDIA insider sale

NVIDIA Trading Down 0.4%

Shares of NVDA opened at $224.58 on Friday. NVIDIA Corporation has a one year low of $164.27 and a one year high of $236.54. The stock has a 50-day moving average price of $216.08 and a 200 day moving average price of $205.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The company has a market capitalization of $5.41 trillion, a P/E ratio of 28.39, a P/E/G ratio of 1.77 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. The company had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.NVIDIA's quarterly revenue was up 105.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. Sell-side analysts forecast that NVIDIA Corporation will post 9.25 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

Insider Transactions at NVIDIA

In related news, EVP Timothy S. Teter sold 30,460 shares of NVIDIA stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $222.80, for a total value of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 622,239 shares of the business's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares of the company's stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. Insiders own 3.94% of the company's stock.

NVIDIA Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.