NVIDIA Corporation $NVDA Shares Sold by Thornburg Investment Management Inc.

Key Points

• Thornburg Investment Management Inc. significantly reduced its stake in NVIDIA Corporation by 50.2% in the first quarter, selling 185,898 shares and maintaining a holding of 184,428 shares. This investment is valued at approximately $19,988,000.
• Insider activity has been notable, with Director Mark A. Stevens selling 935,000 shares and Director Tench Coxe selling 1,000,000 shares, representing 9.21% and 3.61% decreases in their respective ownerships.
• Analysts are optimistic, as multiple firms have raised their price targets for NVIDIA, with Benchmark increasing it to $220.00 and TD Cowen to $235.00, reflecting a consensus rating of "Moderate Buy".

Thornburg Investment Management Inc. lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 50.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,428 shares of the computer hardware maker's stock after selling 185,898 shares during the period. Thornburg Investment Management Inc.'s holdings in NVIDIA were worth $19,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Copia Wealth Management acquired a new position in NVIDIA in the fourth quarter valued at about $50,000. LSV Asset Management acquired a new stake in NVIDIA in the 4th quarter valued at approximately $54,000. Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of several research reports. Benchmark lifted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $174.18 on Friday. The company's fifty day moving average price is $170.83 and its 200 day moving average price is $139.02. 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 2.96. The firm has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $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 declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is 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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