NVIDIA Corporation $NVDA Stock Position Lessened by Tounjian Advisory Partners LLC

Key Points

• Tounjian Advisory Partners LLC reduced its stake in NVIDIA by 1.8%, leaving it as the firm's largest position, valued at approximately $27.6 million.
• Several hedge funds, including Goldman Sachs and GAMMA Investing LLC, significantly increased their holdings in NVIDIA during the first quarter, highlighting strong institutional interest in the stock.
• Analysts maintain a bullish outlook with a consensus average price target of $208.76, while four analysts rate the stock as a Strong Buy.

Tounjian Advisory Partners LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,724 shares of the computer hardware maker's stock after selling 3,246 shares during the period. NVIDIA accounts for about 4.9% of Tounjian Advisory Partners LLC's holdings, making the stock its biggest position. Tounjian Advisory Partners LLC's holdings in NVIDIA were worth $27,605,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NVDA. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. grew its position in NVIDIA by 123.5% in the 1st 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 last quarter. GAMMA Investing LLC grew its position in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% in the 1st 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 last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NVIDIA in the 4th quarter valued at $2,987,733,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Loop Capital lifted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Barclays reiterated an "overweight" rating on shares of NVIDIA in a research report on Monday. Finally, Daiwa Capital Markets lifted their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Four investment 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $208.76.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the transaction, the chief executive officer owned 71,683,203 shares of the company's stock, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,203,905 shares of company stock worth $722,009,402. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Down 2.8%

Shares of NVDA stock opened at $178.43 on Wednesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The firm has a 50-day moving average price of $176.28 and a 200 day moving average price of $144.59. 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 capitalization of $4.34 trillion, a price-to-earnings ratio of 50.83, a PEG ratio of 1.33 and a beta of 2.10.

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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research 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 will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

NVIDIA Company 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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