Zevenbergen Capital Investments LLC Trims Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Zevenbergen Capital Investments LLC reduced its stake in NVIDIA by 4.1% in Q2, now holding approximately 2,980,228 shares valued at $470.8 million.
• Several institutional investors, including Burkett Financial Services and Elevate Wealth Advisory, have increased their positions in NVIDIA, reflecting strong interest among hedge funds.
• NVIDIA announced a quarterly dividend of $0.01 per share, with a payout date on October 2nd, indicating a 0.0% yield based on its annualized payout ratio.

Zevenbergen Capital Investments LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,980,228 shares of the computer hardware maker's stock after selling 127,702 shares during the period. NVIDIA comprises approximately 9.2% of Zevenbergen Capital Investments LLC's holdings, making the stock its largest position. Zevenbergen Capital Investments LLC's holdings in NVIDIA were worth $470,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new stake in NVIDIA in the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. increased 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 acquiring an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. boosted its position in 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 purchasing an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of NVIDIA during the 4th quarter valued at about $2,987,733,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Stephen C. Neal sold 28,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the completion of the transaction, the director directly owned 143,410 shares of the company's stock, valued at approximately $25,466,747.80. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,164,341 shares of company stock worth $706,280,810. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $6.94 during trading hours on Monday, hitting $183.61. The company's stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. The company has a market cap of $4.46 trillion, a PE ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a 50 day moving average price of $176.12 and a two-hundred day moving average price of $144.35. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

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 return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The firm's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Loop Capital increased their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wolfe Research boosted their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. KeyCorp restated an "overweight" rating and issued a $230.00 price objective (up from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA 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.