NVIDIA Corporation $NVDA Shares Sold by Primecap Management Co. CA

Key Points

• Primecap Management Co. CA reduced its holdings in NVIDIA Corporation by 3.5%, selling 745,680 shares, resulting in a current stake of 20,547,000 shares valued at approximately $2.23 billion.
• CEO Jen Hsun Huang and Director Mark A. Stevens recently sold significant amounts of NVIDIA stock, decreasing their ownership positions by 0.10% and 6.87% respectively.
• NVIDIA's stock received various analyst upgrades, with price targets raised by multiple firms, including UBS Group which increased its target from $175 to $205.

Primecap Management Co. CA cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,547,000 shares of the computer hardware maker's stock after selling 745,680 shares during the period. NVIDIA accounts for 1.8% of Primecap Management Co. CA's holdings, making the stock its 13th largest position. Primecap Management Co. CA owned about 0.08% of NVIDIA worth $2,226,884,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its holdings in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC raised its holdings in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Selway Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at about $269,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on NVDA shares. UBS Group increased their price objective on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 21st. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Wedbush restated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Finally, Jefferies Financial Group raised their price target on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Stock Down 2.7%

NVIDIA stock opened at $167.02 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. 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 50 day moving average price of $172.73 and a 200 day moving average price of $140.20. The company has a market capitalization of $4.06 trillion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $45.65 billion. During the same quarter last year, the firm earned $0.68 EPS. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 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.

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