Proathlete Wealth Management LLC Decreases Stake in NVIDIA Corporation $NVDA

Key Points

• Proathlete Wealth Management LLC has reduced its stake in NVIDIA Corporation by 7.9%, now owning 16,102 shares valued at approximately $2.54 million.
• Several institutional investors have increased their holdings in NVIDIA, with Pachira Investments Inc. increasing its stake by 1.0% and HFG Wealth Management LLC by 3.4% during the same quarter.
• Analysts have raised their price targets for NVIDIA shares, with Daiwa Capital Markets now targeting $205, and Benchmark setting a target of $220, indicating overall positive sentiment towards the stock.

Proathlete Wealth Management LLC decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,102 shares of the computer hardware maker's stock after selling 1,378 shares during the period. NVIDIA accounts for 0.8% of Proathlete Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding. Proathlete Wealth Management LLC's holdings in NVIDIA were worth $2,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. raised its position in shares of NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares during the period. HFG Wealth Management LLC raised its position in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares during the period. Burkett Financial Services LLC raised its position in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the period. Guided Capital Wealth Management LLC raised its position in shares of NVIDIA by 0.3% during the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after purchasing an additional 70 shares during the period. Finally, Luts & Greenleigh Group Inc. raised its position in shares of NVIDIA by 0.4% during the 2nd quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker's stock valued at $3,143,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Daiwa Capital Markets raised their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Evercore ISI raised their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Trading Up 2.5%

NASDAQ:NVDA opened at $186.44 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $187.35. 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 firm has a market cap of $4.53 trillion, a P/E ratio of 53.12, a P/E/G ratio of 1.32 and a beta of 2.10. The firm has a 50-day simple moving average of $177.20 and a 200-day simple moving average of $146.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm earned $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. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 350,000 shares of the business'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 transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Persis Drell sold 40,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director owned 138,740 shares of the company's stock, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,022,407 shares of company stock worth $700,382,754. Company insiders own 4.17% of the company's stock.

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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