NVIDIA Corporation $NVDA Shares Sold by Telemark Asset Management LLC

Telemark Asset Management LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 800,000 shares of the computer hardware maker's stock after selling 350,000 shares during the period. NVIDIA makes up 11.3% of Telemark Asset Management LLC's holdings, making the stock its biggest holding. Telemark Asset Management LLC's holdings in NVIDIA were worth $86,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Union Heritage Capital LLC grew its holdings in shares of NVIDIA by 43.7% in the first quarter. Union Heritage Capital LLC now owns 65,740 shares of the computer hardware maker's stock valued at $7,125,000 after purchasing an additional 20,000 shares in the last quarter. Flagship Wealth Advisors LLC grew its holdings in shares of NVIDIA by 0.6% in the first quarter. Flagship Wealth Advisors LLC now owns 37,743 shares of the computer hardware maker's stock valued at $4,091,000 after purchasing an additional 210 shares in the last quarter. Fayez Sarofim & Co grew its holdings in shares of NVIDIA by 14.9% in the first quarter. Fayez Sarofim & Co now owns 6,678,844 shares of the computer hardware maker's stock valued at $732,613,000 after purchasing an additional 864,727 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of NVIDIA by 11.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,171,415 shares of the computer hardware maker's stock valued at $4,895,678,000 after purchasing an additional 4,789,753 shares in the last quarter. Finally, Alesco Advisors LLC grew its holdings in shares of NVIDIA by 15.0% in the first quarter. Alesco Advisors LLC now owns 3,955 shares of the computer hardware maker's stock valued at $429,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 2.7%

Shares of NVIDIA stock opened at $167.02 on Friday. The company has a fifty day simple moving average of $172.73 and a 200-day simple moving average of $140.21. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. 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 stock has a market cap of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) 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 business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Mizuho increased 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. Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Buying and Selling at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,872,755 shares of company stock valued at $764,283,330 in the last 90 days. Company insiders own 4.17% of the company's stock.

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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