Silver Oak Securities Incorporated Cuts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Silver Oak Securities Incorporated has reduced its stake in NVIDIA Corporation by 5.4%, holding 112,415 shares worth approximately $17.76 million as of the latest filing.
• Investment analysts have a generally positive outlook on NVIDIA, with predictions showing a target price ranging from $205.00 to $235.00, and the stock rated as a "Moderate Buy".
• Insider trading activity saw NVIDIA's CFO and a director sell significant amounts of stock, indicating a 4.17% ownership by insiders following the sales.

Silver Oak Securities Incorporated cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,415 shares of the computer hardware maker's stock after selling 6,356 shares during the quarter. NVIDIA comprises 1.4% of Silver Oak Securities Incorporated's holdings, making the stock its 6th biggest position. Silver Oak Securities Incorporated's holdings in NVIDIA were worth $17,761,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC grew its stake in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of NVIDIA in the 1st quarter worth approximately $15,089,414,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Wedbush reissued an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Bank of America lifted their target price on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report 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 MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average target price of $209.82.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% 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 Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,050,558 shares of company stock worth $701,164,609. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 0.3%

NASDAQ:NVDA opened at $178.19 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. The firm has a market cap of $4.33 trillion, a price-to-earnings ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $176.60 and its 200-day moving average is $146.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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 business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. NVIDIA's 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 year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. 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 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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