W.H. Cornerstone Investments Inc. Decreases Stake in NVIDIA Corporation $NVDA

Key Points

• W.H. Cornerstone Investments Inc. reduced its stake in NVIDIA Corporation by 26.7% in Q1, now holding shares worth $494,000 after selling 1,661 shares.
• Insiders, including CEO Jen Hsun Huang and CFO Colette Kress, sold a combined 5,041,604 shares valued at approximately $788 million over the last three months.
• Analysts forecast strong performance for NVIDIA, with a consensus target price of $207.69 and multiple firms maintaining "buy" ratings.

W.H. Cornerstone Investments Inc. reduced its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,556 shares of the computer hardware maker's stock after selling 1,661 shares during the quarter. W.H. Cornerstone Investments Inc.'s holdings in NVIDIA were worth $494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NVDA. The Goldman Sachs Group restated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. KeyCorp restated an "overweight" rating and set a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Robert W. Baird upped their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company 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 assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $207.69.

Insider Transactions at NVIDIA

In other NVIDIA 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 value of $142,800,000.00. Following the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,872,755 shares of company stock valued at $764,283,330. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock traded down $4.64 during trading hours on Friday, hitting $167.02. 223,875,375 shares of the company's stock were exchanged, compared to its average volume of 167,410,624. 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 firm has a market cap of $4.06 trillion, a P/E ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. The firm has a 50 day moving average of $172.73 and a two-hundred day moving average of $140.20. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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