Wolff Wiese Magana LLC Sells 1,871 Shares of NVIDIA Corporation $NVDA

Key Points

• Wolff Wiese Magana LLC reduced its shareholding in NVIDIA Corporation by 4.1%, owning 43,239 shares worth approximately $6.83 million after selling 1,871 shares in the second quarter.
• Major institutional investors have significantly increased their positions in NVIDIA, with Kingstone Capital Partners raising their holdings by over 267,000% to own approximately $65 billion worth of shares.
• NVIDIA is slated to report a consensus earnings per share (EPS) of 2.77 for the current year, reflecting strong revenue growth and recent upgrades from multiple analysts predicting higher stock prices.

Wolff Wiese Magana LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,239 shares of the computer hardware maker's stock after selling 1,871 shares during the period. NVIDIA comprises approximately 4.2% of Wolff Wiese Magana LLC's portfolio, making the stock its biggest position. Wolff Wiese Magana LLC's holdings in NVIDIA were worth $6,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC acquired a new position in NVIDIA in the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its position in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Finally, Amundi lifted its holdings in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock worth $665,807,776 over the last three months. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. New Street Research raised their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Mizuho raised their target price on NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $213.37.

NVIDIA Trading Up 2.8%

Shares of NVIDIA stock opened at $188.32 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company's fifty day simple moving average is $179.32 and its 200-day simple moving average is $151.57. The company has a market cap of $4.58 trillion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. 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.

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