West Michigan Advisors LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,197 shares of the computer hardware maker's stock after selling 5,343 shares during the period. NVIDIA comprises approximately 2.0% of West Michigan Advisors LLC's investment portfolio, making the stock its 8th biggest holding. West Michigan Advisors LLC's holdings in NVIDIA were worth $5,983,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of NVDA. GAMMA Investing LLC raised its position in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Northern Trust Corp raised its position in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. raised its position in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA in the fourth quarter worth about $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NVIDIA by 11.4% in the fourth 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 acquiring an additional 20,494,402 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.
Insider Activity at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the sale, the chief executive officer directly owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,872,755 shares of company stock worth $764,283,330. 4.17% of the stock is owned by insiders.
NVIDIA Stock Performance
NASDAQ:NVDA opened at $171.66 on Friday. 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 firm has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 48.91, a PEG ratio of 1.24 and a beta of 2.10. The company's 50-day moving average is $172.55 and its two-hundred day moving average is $140.01. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the business posted $0.68 EPS. The business'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. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on NVDA shares. Rosenblatt Securities upped their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Citigroup reiterated a "buy" rating and issued a $210.00 price objective (up previously from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Morgan Stanley boosted 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. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $207.69.
Check Out Our Latest Report on NVIDIA
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.
Further Reading
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