NVIDIA Corporation $NVDA Shares Sold by Aveo Capital Partners LLC

Key Points

• Aveo Capital Partners LLC significantly reduced its stake in NVIDIA by 58.4%, owning 20,240 shares after selling 28,396 shares during the quarter, valued at approximately $2.37 million.
• Research analysts have generally raised their price targets for NVIDIA, with Bank of America increasing its target to $235 and several firms maintaining a positive outlook, resulting in an average rating of "Moderate Buy".
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares valued at $12.73 million, reflecting a decrease in his ownership, as insiders have sold a total of 3.83 million shares over the past three months.

Aveo Capital Partners LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 58.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,240 shares of the computer hardware maker's stock after selling 28,396 shares during the quarter. Aveo Capital Partners LLC's holdings in NVIDIA were worth $2,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position 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 acquiring an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG boosted its position in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE boosted its position in NVIDIA by 6.7% during the 4th 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 period. Hudson Value Partners LLC boosted its position in NVIDIA by 30.7% during the 4th 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 period. Finally, Selway Asset Management acquired a new position in NVIDIA during the 4th quarter worth $269,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. KeyCorp reiterated an "overweight" rating and set a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a $215.00 price target on shares of NVIDIA in a research report on Thursday, September 4th. Bank of America boosted their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $207.42.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the sale, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director directly owned 368,887 shares in the company, valued at $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,832,755 shares of company stock worth $619,935,680 over the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 0.8%

Shares of NVIDIA stock opened at $168.31 on Tuesday. The stock's fifty day moving average is $172.94 and its 200-day moving average is $140.44. The firm has a market capitalization of $4.09 trillion, a PE ratio of 47.95, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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 (EPS) 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%.NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business 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 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 dividend yield of 0.0%. NVIDIA's payout ratio is 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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