Synergy Asset Management LLC Sells 17,861 Shares of NVIDIA Corporation $NVDA

Key Points

• Synergy Asset Management LLC has reduced its stake in NVIDIA Corporation by 6.1%, selling 17,861 shares, and now holds 276,629 shares valued at approximately $43.7 million.
• Multiple institutional investors have recently increased their positions in NVIDIA, with Brighton Jones LLC raising its stake by 12.4% and Hudson Value Partners LLC by 30.7% in the fourth quarter.
• NVIDIA's stock has received several analyst upgrades, with Evercore ISI raising its price target from $214 to $225 and HSBC setting a new target of $320, reflecting strong confidence in the company's future performance.

Synergy Asset Management LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,629 shares of the computer hardware maker's stock after selling 17,861 shares during the period. NVIDIA makes up about 5.0% of Synergy Asset Management LLC's holdings, making the stock its 4th biggest position. Synergy Asset Management LLC's holdings in NVIDIA were worth $43,705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its position in NVIDIA by 1.0% during 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 buying an additional 22,929 shares during the period. Highview Capital Management LLC DE raised its position in NVIDIA by 6.7% during 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 buying an additional 3,653 shares during the period. Hudson Value Partners LLC raised its position in NVIDIA by 30.7% during 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 buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. raised its position in NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock valued at $715,000 after buying an additional 896 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NVDA. Evercore ISI upped their price target on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Truist Financial upped their price target on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. reissued a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. HSBC set a $320.00 price target on NVIDIA and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley upped their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Stock Performance

Shares of NVDA opened at $183.22 on Monday. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The company's fifty day moving average is $179.40 and its 200-day moving average is $153.63. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the sale, the chief executive officer owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,678,937 shares of company stock valued at $654,837,526. Corporate insiders own 4.17% of the company's stock.

NVIDIA 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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