NVIDIA Corporation $NVDA Stock Position Cut by Penn Davis Mcfarland Inc.

Key Points

• Penn Davis Mcfarland Inc. reduced its stake in NVIDIA by 6.2%, now holding 542,631 shares valued at $85.73 million, which represents about 9.7% of its portfolio.
• Other institutional investors, such as Kingstone Capital Partners and UBS, significantly increased their holdings in NVIDIA, with Kingstone's position growing by 267,959.7% during the second quarter.
• Insider transactions were notable, with Director Mark A. Stevens selling 350,000 shares and CEO Jen Hsun Huang selling 75,000 shares recently, reflecting ongoing changes in ownership dynamics.

Penn Davis Mcfarland Inc. cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,631 shares of the computer hardware maker's stock after selling 35,697 shares during the period. NVIDIA comprises about 9.7% of Penn Davis Mcfarland Inc.'s portfolio, making the stock its 2nd biggest position. Penn Davis Mcfarland Inc.'s holdings in NVIDIA were worth $85,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its position in shares of 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 worth $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after buying an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of 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 worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA during the first quarter worth about $15,089,414,000. Finally, Amundi grew its position in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the completion of the sale, the chief executive officer directly owned 71,083,203 shares of the company's stock, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,921,593 shares of company stock valued at $686,502,137 over the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA stock opened at $185.54 on Tuesday. The company has a market capitalization of $4.51 trillion, a P/E ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. The business has a 50 day simple moving average of $178.29 and a 200-day simple moving average of $149.05. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NVDA shares. Mizuho boosted their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Craig Hallum upped their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. The Goldman Sachs Group set a $210.00 price target on NVIDIA and gave the company a "buy" rating in a report on Monday. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.26.

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.

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