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

Key Points

• Carderock Capital Management Inc. reduced its stake in NVIDIA by 56.6%, selling 28,500 shares in the second quarter, leaving them with 21,885 shares valued at approximately $3.46 million.
• Insider transactions included Director Mark A. Stevens selling 350,000 shares and CEO Jen Hsun Huang selling 75,000 shares, reflecting a decrease in their positions.
• NVIDIA's earnings report revealed a quarterly EPS of $1.05, exceeding estimates and showing a 55.6% revenue increase year-over-year with a current market cap of $4.33 trillion.

Carderock Capital Management Inc. trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,885 shares of the computer hardware maker's stock after selling 28,500 shares during the quarter. Carderock Capital Management Inc.'s holdings in NVIDIA were worth $3,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HFG Wealth Management LLC boosted its holdings in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares during the period. Burkett Financial Services LLC increased its position in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after purchasing an additional 70 shares in the last quarter. Guided Capital Wealth Management LLC increased its position in shares of NVIDIA by 0.3% during the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after purchasing an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. increased its position in NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock valued at $500,000 after acquiring an additional 77 shares in the last quarter. Finally, Ehrlich Financial Group increased its position in NVIDIA by 2.4% in the 2nd quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock valued at $530,000 after acquiring an additional 80 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $177.60, for a total transaction of $13,320,000.00. Following the completion of the sale, the chief executive officer directly owned 71,458,203 shares of the company's stock, valued at approximately $12,690,976,852.80. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,176,470 shares of company stock worth $720,979,162. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $178.19 on Friday. The company has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. The company has a 50 day simple moving average of $176.60 and a two-hundred day simple moving average of $145.78. 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 fifty-two week low of $86.62 and a fifty-two week high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays reiterated an "overweight" rating and set a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Monday. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Finally, Wedbush reaffirmed an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $209.82.

About NVIDIA

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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