NVIDIA Corporation $NVDA Shares Sold by Clarus Wealth Advisors

Key Points

• Clarus Wealth Advisors reduced its holdings in NVIDIA Corporation by 15.3%, now owning 19,947 shares valued at approximately $3.19 million.
• Multiple analysts have upgraded NVIDIA, with target prices now reaching up to $225, showing strong confidence in the stock.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, reflecting a 0.0% annualized yield, and reported strong quarterly earnings exceeding analysts' expectations.

Clarus Wealth Advisors cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,947 shares of the computer hardware maker's stock after selling 3,593 shares during the quarter. NVIDIA accounts for 1.5% of Clarus Wealth Advisors' portfolio, making the stock its 17th largest position. Clarus Wealth Advisors' holdings in NVIDIA were worth $3,191,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NVDA shares. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Daiwa Capital Markets raised their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $208.47.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the transaction, the director owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,914,341 shares of company stock valued at $662,228,310 in the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 0.2%

NVDA stock opened at $176.67 on Monday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a market cap of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The business's 50-day simple moving average is $175.73 and its 200 day simple moving average is $143.85. 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 (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

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.

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