Werba Rubin Papier Wealth Management Reduces Stake in NVIDIA Corporation $NVDA

Key Points

• Werba Rubin Papier Wealth Management reduced its stake in NVIDIA Corporation by 8.7%, selling 3,200 shares and retaining 33,717 shares, valued at approximately $3.65 million.
• Insider trading activity at NVIDIA saw CEO Jen Hsun Huang and EVP Ajay K. Puri sell a combined total of over 243,000 shares, indicating a notable decrease in their ownership positions.
• NVIDIA's recent earnings report revealed a 55.6% year-over-year increase in revenue, with an EPS of $1.05, surpassing the consensus estimate of $1.01.

Werba Rubin Papier Wealth Management trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,717 shares of the computer hardware maker's stock after selling 3,200 shares during the quarter. NVIDIA accounts for approximately 0.8% of Werba Rubin Papier Wealth Management's investment portfolio, making the stock its 22nd largest holding. Werba Rubin Papier Wealth Management's holdings in NVIDIA were worth $3,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. FMR LLC grew its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NVIDIA by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of NVIDIA by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank purchased a new stake in shares of NVIDIA during the fourth quarter worth about $43,515,504,000. Finally, Northern Trust Corp grew its stake in shares of NVIDIA by 15.8% during the fourth 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 last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 3.3%

NASDAQ:NVDA traded down $5.99 during trading hours on Friday, hitting $174.18. The company had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average of $170.83 and a 200 day moving average of $139.02. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.58 and a beta of 2.14. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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%.The company's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued 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 dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday. Bank of America upped their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday. Jefferies Financial Group boosted their price target on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday. Finally, KeyCorp reaffirmed an "overweight" rating and set a $230.00 target price (up from $215.00) on shares of NVIDIA in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is owned by company insiders.

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.