NVIDIA Corporation $NVDA Shares Sold by Ridgecrest Wealth Partners LLC

Key Points

• Ridgecrest Wealth Partners LLC significantly reduced its holdings in NVIDIA Corporation by 73.1% during the second quarter, selling 58,514 shares and now holding 21,547 shares worth approximately $3.4 million.
• Insider activity saw Director Persis Drell selling 40,000 shares for over $7 million and CEO Jen Hsun Huang selling 75,000 shares for nearly $14 million, indicating movement in ownership among executives.
• Analysts are optimistic about NVIDIA's stock, with multiple upgrades and a consensus "Moderate Buy" rating, along with several price target increases, the highest being $230.00 by Wolfe Research.

Ridgecrest Wealth Partners LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 73.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,547 shares of the computer hardware maker's stock after selling 58,514 shares during the period. NVIDIA makes up approximately 1.8% of Ridgecrest Wealth Partners LLC's investment portfolio, making the stock its 14th largest position. Ridgecrest Wealth Partners LLC's holdings in NVIDIA were worth $3,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in shares of NVIDIA in the 4th quarter valued at $50,000. 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 worth $53,000 after acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. lifted its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares of the company's stock, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the completion of the transaction, the chief executive officer 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,097,407 shares of company stock valued at $714,378,504. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research note on Saturday, September 27th. Evercore ISI upped their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Wolfe Research upped their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Finally, Wedbush restated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.00.

NVIDIA Stock Down 0.7%

NVDA stock opened at $187.62 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. 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 business has a 50-day simple moving average of $178.11 and a 200 day simple moving average of $148.15. The company has a market cap of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company 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 posted $0.68 earnings per share. 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. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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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