NVIDIA Corporation $NVDA Shares Sold by SoundView Advisors Inc.

Key Points

• SoundView Advisors Inc. has reduced its stake in NVIDIA Corporation by 22.9%, now holding 25,002 shares valued at approximately $2.7 million.
• NVIDIA reported earnings of $1.05 per share for the last quarter, exceeding estimates, with revenue hitting $46.74 billion, a 55.6% increase year-over-year.
• Recent analyst ratings indicate a positive outlook for NVIDIA, with target prices ranging from $210 to $245, reflecting strong confidence in the company's performance.

SoundView Advisors Inc. reduced its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,002 shares of the computer hardware maker's stock after selling 7,426 shares during the period. NVIDIA accounts for about 1.1% of SoundView Advisors Inc.'s investment portfolio, making the stock its 14th biggest holding. SoundView Advisors Inc.'s holdings in NVIDIA were worth $2,709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the period. Copia Wealth Management acquired a new stake in NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in NVIDIA in the fourth quarter worth $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NASDAQ:NVDA opened at $167.02 on Friday. The business's 50-day moving average price is $172.73 and its 200 day moving average price is $140.20. The firm has a market cap of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued 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 is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 in the last three months. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Craig Hallum increased their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Stifel Nicolaus increased their target price on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Citigroup reissued a "buy" rating and set a $210.00 price target (up from $190.00) on shares of NVIDIA in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $207.69.

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.

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