NVIDIA Corporation $NVDA Shares Sold by New Wave Wealth Advisors LLC

Key Points

• New Wave Wealth Advisors LLC reduced its stake in NVIDIA by 40.8%, owning 24,771 shares valued at approximately $3.91 million after selling 17,037 shares in the second quarter.
• A significant increase in investment was observed with Kingstone Capital Partners growing its position in NVIDIA by 267,959.7%, now holding over 382 million shares worth nearly $65 billion.
• Insider transactions included sales by directors totaling 3.75 million shares valued at around $667.77 million over the past quarter, indicating a decrease in their ownership stakes.

New Wave Wealth Advisors LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 40.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,771 shares of the computer hardware maker's stock after selling 17,037 shares during the quarter. NVIDIA accounts for approximately 1.7% of New Wave Wealth Advisors LLC's portfolio, making the stock its 18th largest holding. New Wave Wealth Advisors LLC's holdings in NVIDIA were worth $3,914,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Nuveen LLC purchased a new stake in NVIDIA during the first quarter worth $15,089,414,000. Finally, Amundi boosted its position in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock valued at $667,769,026 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $183.22 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. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm's 50 day moving average is $179.40 and its two-hundred day moving average is $152.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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. The company had revenue of $46.74 billion for 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%. NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analysts Set New Price Targets

A number of research firms have commented on NVDA. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the company a "buy" rating in a report on Monday, October 6th. Arete upped their price target on shares of NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a report on Tuesday. Hsbc Global Res raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and upped their price target for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $222.23.

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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