Gradient Investments LLC Has $121.97 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Gradient Investments LLC has reduced its stake in NVIDIA Corporation by 3.8%, selling 30,370 shares in the second quarter, resulting in a remaining holding of 772,006 shares valued at approximately $121.97 million.
• In contrast, institutional investors like Goldman Sachs and GAMMA Investing LLC have significantly increased their holdings in NVIDIA, with Goldman Sachs raising its ownership by 123.5% in the first quarter.
• NVIDIA recently reported an earnings per share of $1.05 for the quarter, surpassing analysts' estimates, along with a quarterly revenue of $46.74 billion, up 55.6% year-over-year.

Gradient Investments LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,006 shares of the computer hardware maker's stock after selling 30,370 shares during the quarter. NVIDIA comprises about 2.2% of Gradient Investments LLC's investment portfolio, making the stock its 3rd biggest holding. Gradient Investments LLC's holdings in NVIDIA were worth $121,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its holdings in 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 bought a new stake in NVIDIA in the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC increased its holdings in 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 buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. increased its holdings in 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 buying an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NVDA shares. Rosenblatt Securities lifted their price target on shares of NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Daiwa Capital Markets lifted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Wolfe Research lifted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Robert W. Baird lifted their price objective on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Four 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 given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.47.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction on Friday, September 12th. The shares were 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 in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,914,341 shares of company stock worth $662,228,310. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVDA stock traded up $6.75 during midday trading on Monday, hitting $183.42. The company's stock had a trading volume of 208,538,550 shares, compared to its average volume of 234,458,016. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a 50 day moving average of $175.73 and a two-hundred day moving average of $143.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid 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 yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

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.