Objective Capital Management LLC Sells 13,896 Shares of NVIDIA Corporation $NVDA

Objective Capital Management LLC reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 58.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,074 shares of the computer hardware maker's stock after selling 13,896 shares during the quarter. NVIDIA accounts for approximately 1.4% of Objective Capital Management LLC's investment portfolio, making the stock its 24th largest holding. Objective Capital Management LLC's holdings in NVIDIA were worth $1,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Norges Bank bought a new stake in shares of NVIDIA in the fourth quarter valued at about $43,515,504,000. GAMMA Investing LLC raised its holdings 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 valued at $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Northern Trust Corp raised its holdings in 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 purchasing an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA in the fourth quarter worth about $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday, August 18th. KeyCorp boosted their target price on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. The Goldman Sachs Group initiated coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 target price for the company. UBS Group boosted their target price on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Bank of America boosted their target price on shares of NVIDIA from $180.00 to $220.00 in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $177.99 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The firm has a market cap of $4.34 trillion, a P/E ratio of 57.42, a P/E/G ratio of 1.56 and a beta of 2.14. The business's 50 day moving average price is $167.35 and its 200 day moving average price is $137.46. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is owned by company insiders.

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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