Westfield Capital Management Co. LP Lowers Stake in NVIDIA Corporation $NVDA

Key Points

• Westfield Capital Management Co. LP reduced its holdings in NVIDIA Corporation by 0.9%, owning 7,336,654 shares valued at approximately $795 million, making it the firm’s second-largest position.
• In recent trades, several large investors significantly increased their positions in NVIDIA, with GAMMA Investing LLC dramatically boosting its stake by over 12,000% during the first quarter.
• NVIDIA's stock recently saw target price upgrades from several analysts, with estimates rising to a range of $200 to $240, indicating strong bullish sentiment in the market.

Westfield Capital Management Co. LP lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,336,654 shares of the computer hardware maker's stock after selling 63,183 shares during the period. NVIDIA accounts for 3.9% of Westfield Capital Management Co. LP's holdings, making the stock its 2nd biggest position. Westfield Capital Management Co. LP's holdings in NVIDIA were worth $795,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA during the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.7%

NVIDIA stock traded down $4.64 during mid-day trading on Friday, reaching $167.02. The stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock's 50-day simple moving average is $172.73 and its 200-day simple moving average is $140.20. The firm has a market capitalization of $4.06 trillion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the transaction, the chief executive officer owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the transaction, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 in the last three months. Insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVDA. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Thursday. Citigroup restated a "buy" rating and set a $210.00 price objective (up from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. Morgan Stanley raised their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $207.69.

About NVIDIA

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.