Towercrest Capital Management Sells 10,755 Shares of NVIDIA Corporation $NVDA

Key Points

• Towercrest Capital Management reduced its stock holdings in NVIDIA Corporation by 59.3%, now owning 7,368 shares valued at approximately $799,000.
• Major institutional investors like FMR LLC and Geode Capital Management have recently increased their stakes in NVIDIA by 0.7% and 1.7% respectively, reflecting strong institutional interest.
• NVIDIA's stock currently trades at $174.18, with a recent quarterly revenue of $46.74 billion, marking a 55.6% year-over-year increase.

Towercrest Capital Management decreased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 59.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,368 shares of the computer hardware maker's stock after selling 10,755 shares during the quarter. Towercrest Capital Management's holdings in NVIDIA were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp boosted its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. raised its position in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NVIDIA by 11.4% during 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 valued at $26,978,618,000 after acquiring an additional 20,494,402 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Wedbush reaffirmed an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a report on Thursday. Benchmark lifted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus raised their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $225.00 price objective (up from $185.00) on shares of NVIDIA in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $5.99 during trading on Friday, hitting $174.18. 242,604,296 shares of the stock were exchanged, compared to its average volume of 168,293,824. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14. The company has a fifty day moving average price of $170.83 and a 200-day moving average price of $139.08. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company 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%.The business's revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock worth $896,145,782 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

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.