NVIDIA Corporation $NVDA Shares Sold by Octavia Wealth Advisors LLC

Key Points

• Octavia Wealth Advisors LLC reduced its stake in NVIDIA Corporation by 6.6%, owning 145,956 shares worth approximately $23 million as of its latest filing.
• NVIDIA's recent performance showed a strong quarterly earnings report, with $1.05 earnings per share, beating analysts' expectations by $0.04 and experiencing a 55.6% increase in year-over-year revenue.
• Institutional investors and hedge funds collectively own 65.27% of NVIDIA, with varied changes in positions reported among numerous hedge funds during the first quarter.

Octavia Wealth Advisors LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,956 shares of the computer hardware maker's stock after selling 10,238 shares during the quarter. NVIDIA makes up about 2.6% of Octavia Wealth Advisors LLC's investment portfolio, making the stock its 11th largest holding. Octavia Wealth Advisors LLC's holdings in NVIDIA were worth $23,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% during the first 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. Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the period. Finally, Luken Investment Analytics LLC boosted its holdings in NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the sale, the chief executive officer directly owned 71,083,203 shares in the company, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Persis Drell sold 40,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the sale, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,921,593 shares of company stock valued at $686,502,137 in the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $185.54 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. The company has a market cap of $4.51 trillion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a fifty day moving average of $178.29 and a 200-day moving average of $149.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $211.26.

NVIDIA 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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