NVIDIA Corporation $NVDA Shares Sold by Enterprise Bank & Trust Co

Key Points

• Enterprise Bank & Trust Co reduced its stake in NVIDIA Corporation by 4.3%, owning 101,120 shares after selling 4,598 shares in the second quarter, making NVIDIA its 3rd largest position.
• Several large investors have increased their stakes in NVIDIA, with Nuveen LLC investing about $15 billion and Goldman Sachs increasing its stake by 123.5% in the first quarter.
• NVIDIA reported an EPS of $1.05 for the recent quarter, beating analysts' estimates, and disclosed a quarterly dividend of $0.01 payable on October 2nd.

Enterprise Bank & Trust Co lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 101,120 shares of the computer hardware maker's stock after selling 4,598 shares during the period. NVIDIA makes up approximately 6.0% of Enterprise Bank & Trust Co's holdings, making the stock its 3rd largest position. Enterprise Bank & Trust Co's holdings in NVIDIA were worth $15,976,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in NVIDIA during the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. increased its stake in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC increased its stake in NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. increased its stake in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA during the fourth quarter valued at about $2,987,733,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Benchmark boosted their price target on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. UBS Group upped their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wedbush reiterated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Wells Fargo & Company upped their price objective on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Raymond James Financial upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Price Performance

NVDA opened at $176.24 on Friday. 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. The company has a fifty day simple moving average of $175.50 and a 200 day simple moving average of $143.02. The stock has a market cap of $4.28 trillion, a P/E ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 2.10.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insider Activity

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares of the company's stock, valued at approximately $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 3,819,522 shares of company stock worth $642,506,300 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

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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