NVIDIA Corporation $NVDA Shares Sold by Plancorp LLC

Key Points

• Plancorp LLC reduced its holdings in NVIDIA Corporation by 4.7% in Q2, leaving them with 49,839 shares valued at $7.87 million.
• Insiders, including Director Mark A. Stevens and CEO Jen Hsun Huang, sold a combined total of over 425,000 shares recently, indicating potential shifts in owner confidence.
• NVIDIA recently reported a quarterly EPS of $1.05, surpassing analyst expectations, and set a guidance for Q3 earnings, with a projected EPS for the fiscal year of 2.77.

Plancorp LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,839 shares of the computer hardware maker's stock after selling 2,466 shares during the period. Plancorp LLC's holdings in NVIDIA were worth $7,874,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. boosted its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Westend Capital Management LLC boosted its stake in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after buying an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the firm's 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 of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $186.61, for a total value of $13,995,750.00. Following the sale, the chief executive officer directly owned 71,083,203 shares of the company's stock, valued at $13,264,836,511.83. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,921,593 shares of company stock valued at $686,502,137. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 1.1%

Shares of NASDAQ NVDA opened at $185.54 on Tuesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. The firm has a market capitalization of $4.51 trillion, a PE ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $178.29 and a two-hundred day moving average price of $149.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 EPS. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date 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 presently 1.14%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. New Street Research increased their price target on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research report on Friday. Finally, Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.26.

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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