Woodstock Corp Sells 40,951 Shares of NVIDIA Corporation $NVDA

Key Points

• Woodstock Corp reduced its stake in NVIDIA Corporation by 6.0%, owning 643,181 shares valued at approximately $101.6 million, making it the fund's largest holding.
• Insider trading activity included CFO Colette Kress and Director Stephen C. Neal selling 20,000 and 28,000 shares, respectively, leading to significant decreases in their ownership stakes.
• Analysts have raised NVIDIA's price targets, with UBS increasing theirs from $175 to $205 and DA Davidson upgrading the stock to a "buy" rating, indicating strong market sentiments around NVIDIA's performance.

Woodstock Corp cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 643,181 shares of the computer hardware maker's stock after selling 40,951 shares during the quarter. NVIDIA comprises approximately 9.3% of Woodstock Corp's holdings, making the stock its largest position. Woodstock Corp's holdings in NVIDIA were worth $101,616,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Veracity Capital LLC lifted its stake in NVIDIA by 1.2% in the second quarter. Veracity Capital LLC now owns 31,653 shares of the computer hardware maker's stock valued at $5,001,000 after acquiring an additional 389 shares during the last quarter. Brand Asset Management Group Inc. lifted its stake in NVIDIA by 13.9% in the second quarter. Brand Asset Management Group Inc. now owns 15,247 shares of the computer hardware maker's stock valued at $2,409,000 after acquiring an additional 1,856 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in NVIDIA by 10.0% in the second quarter. Lifestyle Asset Management Inc. now owns 16,338 shares of the computer hardware maker's stock valued at $2,581,000 after acquiring an additional 1,485 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in NVIDIA by 5.0% in the second quarter. Key Client Fiduciary Advisors LLC now owns 40,573 shares of the computer hardware maker's stock valued at $6,410,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Riversedge Advisors LLC raised its position in shares of NVIDIA by 12.6% in the second quarter. Riversedge Advisors LLC now owns 25,188 shares of the computer hardware maker's stock valued at $3,979,000 after purchasing an additional 2,812 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the sale, the director directly owned 143,410 shares in the company, valued at approximately $25,466,747.80. This represents a 16.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,914,341 shares of company stock worth $662,228,310 in the last quarter. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded up $6.94 during trading hours on Monday, hitting $183.61. The stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. The company's fifty day moving average is $175.73 and its two-hundred day moving average is $143.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The stock has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Barclays boosted their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Morgan Stanley boosted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $208.47.

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.