NVIDIA Corporation $NVDA Shares Sold by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management LLC has reduced its holdings in NVIDIA Corporation by 2.4%, currently owning 1,719,180 shares worth approximately $271.2 million, making it the firm's largest portfolio position.
• NVIDIA's recent earnings report showed a 55.6% year-over-year revenue increase to $46.74 billion and an EPS of $1.05, surpassing analyst expectations.
• Institutional investors own approximately 65.27% of NVIDIA's stock, and the company has received multiple "buy" ratings from various analysts with an average target price of $211.26.

Perigon Wealth Management LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,719,180 shares of the computer hardware maker's stock after selling 41,627 shares during the period. NVIDIA makes up 6.3% of Perigon Wealth Management LLC's portfolio, making the stock its biggest position. Perigon Wealth Management LLC's holdings in NVIDIA were worth $271,200,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC grew its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.1%

NVIDIA stock opened at $185.54 on Tuesday. The firm's 50-day moving average is $178.29 and its 200-day moving average is $149.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. 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 P/E ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12.

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 (EPS) 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 company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the firm posted $0.68 EPS. The company'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, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,921,593 shares of company stock worth $686,502,137 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. reiterated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Friday, September 19th. Loop Capital increased their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, UBS Group reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $211.26.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.