NVIDIA Corporation $NVDA Shares Sold by Quintet Private Bank Europe S.A.

Key Points

• Quintet Private Bank Europe S.A. has reduced its stake in NVIDIA Corporation by 8.3% in the second quarter, holding 1,445,244 shares valued at approximately $228.33 million, making NVIDIA its second largest investment.
• Recent reports indicate a positive outlook for NVIDIA, with several banks raising their target prices to as high as $215.00, and a consensus price target of $208.47, reflecting strong analyst confidence in the stock.
• NVIDIA's last quarterly earnings beat expectations, reporting a 55.6% increase in year-over-year revenues to $46.74 billion, and an earnings per share (EPS) of $1.05, surpassing analysts' forecasts.

Quintet Private Bank Europe S.A. decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,445,244 shares of the computer hardware maker's stock after selling 129,957 shares during the period. NVIDIA makes up about 13.2% of Quintet Private Bank Europe S.A.'s investment portfolio, making the stock its 2nd largest position. Quintet Private Bank Europe S.A.'s holdings in NVIDIA were worth $228,334,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NVDA. Astoria Portfolio Advisors LLC. increased its position in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its holdings in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC increased its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after acquiring an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, Director Stephen C. Neal sold 28,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the completion of the sale, the director directly owned 143,410 shares in the company, valued at approximately $25,466,747.80. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,914,341 shares of company stock valued at $662,228,310. 4.17% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. TD Cowen upped their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued 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 stock has a consensus rating of "Moderate Buy" and an average target price of $208.47.

NVIDIA Trading Up 3.8%

NVIDIA stock traded up $6.75 during midday trading on Monday, reaching $183.42. The stock had a trading volume of 208,538,550 shares, compared to its average volume of 234,458,016. The firm's fifty day simple moving average is $175.73 and its two-hundred day simple moving average is $143.85. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 52.40, a PEG ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) 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.