NVIDIA Corporation $NVDA Shares Sold by Telligent Fund LP

Key Points

• Telligent Fund LP significantly reduced its stake in NVIDIA Corporation by 56.3%, selling 71,000 shares, and now holds 55,000 shares worth approximately $5.96 million.
• Several large investors, including Goldman Sachs Group Inc. and Price T Rowe Associates Inc., have increased their stakes in NVIDIA, reflecting strong institutional interest in the stock.
• NVIDIA announced a quarterly dividend of $0.01 per share, with ex-dividend dated noted, representing a minimal yield of 0.0%.

Telligent Fund LP cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 56.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 55,000 shares of the computer hardware maker's stock after selling 71,000 shares during the period. NVIDIA comprises about 6.6% of Telligent Fund LP's holdings, making the stock its 4th biggest holding. Telligent Fund LP's holdings in NVIDIA were worth $5,961,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after purchasing an additional 3,721,331 shares during the last quarter. Northern Trust Corp boosted its stake in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Finally, Capital World Investors boosted its stake in NVIDIA by 6.5% during the 4th quarter. Capital World Investors now owns 140,921,614 shares of the computer hardware maker's stock worth $18,925,009,000 after purchasing an additional 8,555,411 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. DA Davidson boosted their price target on shares of NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Needham & Company LLC reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Wedbush reissued an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Four 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.42.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the transaction, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were 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 in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,832,755 shares of company stock valued at $619,935,680 over the last 90 days. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 1.5%

NASDAQ NVDA opened at $170.76 on Wednesday. The firm's 50-day moving average is $173.29 and its two-hundred day moving average is $140.65. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 48.65, a PEG ratio of 1.22 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 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 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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