NVIDIA Corporation $NVDA Shares Sold by SJS Investment Consulting Inc.

Key Points

• SJS Investment Consulting Inc. sold 4,481 shares of NVIDIA, reducing its stake by 8.9%, which now represents about 1.2% of its portfolio, valued at approximately $7.26 million.
• Insider trading activity included significant sales, with Director Mark A. Stevens selling 350,000 shares for over $61 million, while another director, Persis Drell, sold 40,000 shares valued at about $7.1 million.
• NVIDIA's stock has a consensus rating of "Moderate Buy" with an average price target of $211.00, according to multiple analyst reports.

SJS Investment Consulting Inc. cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,971 shares of the computer hardware maker's stock after selling 4,481 shares during the quarter. NVIDIA comprises about 1.2% of SJS Investment Consulting Inc.'s investment portfolio, making the stock its 15th largest position. SJS Investment Consulting Inc.'s holdings in NVIDIA were worth $7,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its stake in shares of 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 purchasing an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its stake in shares of NVIDIA by 5,900.0% during the 1st 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. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Stifel Nicolaus boosted their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $211.00.

Insider Buying and Selling at NVIDIA

In related news, Director Persis Drell sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,097,407 shares of company stock worth $714,378,504 in the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.7%

NVDA opened at $187.62 on Friday. The firm has a 50 day moving average price of $178.11 and a 200 day moving average price 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 Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. 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 (NASDAQ:NVDA - Get Free Report) last posted its 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. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. 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 1.14%.

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.

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.