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NVIDIA Corporation $NVDA Shares Sold by Tritonpoint Wealth LLC

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Tritonpoint Wealth LLC lowered its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,707 shares of the computer hardware maker's stock after selling 5,453 shares during the quarter. NVIDIA accounts for 1.4% of Tritonpoint Wealth LLC's holdings, making the stock its 14th biggest position. Tritonpoint Wealth LLC's holdings in NVIDIA were worth $14,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. Nuveen LLC acquired a new stake in NVIDIA during the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. grew its position in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the period. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the period. Finally, Amundi grew its position in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $183.16 on Friday. The company's 50-day moving average price is $179.16 and its 200-day moving average price is $150.75. 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 company has a market cap of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 the consensus estimate of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. NVIDIA's quarterly revenue 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 forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,925,379 shares of company stock valued at $694,277,421 over the last ninety days. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wolfe Research raised their price target on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their price objective for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. KeyCorp reaffirmed an "overweight" rating and set a $250.00 price objective (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, 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 report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $212.84.

Check Out Our Latest Research Report on NVDA

NVIDIA Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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.

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