Parkside Investments LLC Sells 5,500 Shares of NVIDIA Corporation $NVDA

Key Points

• Parkside Investments LLC has reduced its stake in NVIDIA Corporation by 68.8%, selling 5,500 shares and now holding 2,500 shares valued at approximately $395,000.
• Corporate insiders, including Director Mark A. Stevens, sold a total of 3,828,937 shares valued at $680.7 million last quarter, indicating a notable decrease in their positions.
• Analysts remain optimistic about NVIDIA, with several firms raising their price targets, leading to a consensus rating of "Moderate Buy" and an average target price of $222.23.

Parkside Investments LLC decreased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 68.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,500 shares of the computer hardware maker's stock after selling 5,500 shares during the period. Parkside Investments LLC's holdings in NVIDIA were worth $395,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its position in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its position in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares during the period. Hudson Value Partners LLC raised its position in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. raised its position in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after purchasing an additional 896 shares during the period. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were 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 directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,828,937 shares of company stock valued at $680,708,026 in the last quarter. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, New Street Research boosted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.23.

NVIDIA Price Performance

NVDA stock opened at $179.83 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The stock has a market cap of $4.37 trillion, a PE ratio of 51.23, a P/E/G ratio of 1.30 and a beta of 2.12. The firm has a 50 day simple moving average of $179.37 and a two-hundred day simple moving average of $151.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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