XTX Topco Ltd Sells 53,638 Shares of NVIDIA Corporation $NVDA

Key Points

• XTX Topco Ltd significantly reduced its stake in NVIDIA Corporation by 95.7%, selling 53,638 shares and retaining only 2,408 shares, now valued at $261,000.
• NVIDIA reported earnings per share (EPS) of $1.05 for the latest quarter, exceeding analysts' expectations, with revenue reaching $46.74 billion, a 55.6% increase year-over-year.
• Institutional investors hold 65.27% of NVIDIA's shares, with a consensus target price of $207.69 and ratings indicating a strong buy sentiment from multiple research firms.

XTX Topco Ltd lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 95.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,408 shares of the computer hardware maker's stock after selling 53,638 shares during the period. XTX Topco Ltd's holdings in NVIDIA were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. High Note Wealth LLC grew its position in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after purchasing an additional 91 shares during the period. Kelly Financial Services LLC grew its position in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares during the period. Next Capital Management LLC grew its position in NVIDIA by 0.8% in the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after purchasing an additional 94 shares during the period. Mendel Capital Management LLC grew its position in NVIDIA by 0.8% in the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after purchasing an additional 96 shares during the period. Finally, Affiance Financial LLC grew its position in NVIDIA by 0.7% in the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after purchasing an additional 97 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $174.18 on Friday. The company's 50-day moving average price is $170.83 and its 200-day moving average price is $139.02. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.23 trillion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for 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 firm's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Wolfe Research lifted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday. Rosenblatt Securities lifted their price target on shares of NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Finally, Citigroup reissued a "buy" rating and set a $210.00 price objective (up previously from $190.00) on shares of NVIDIA in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.

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