NVIDIA Corporation $NVDA Shares Sold by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,765,724 shares of the computer hardware maker’s stock after selling 40,152 shares during the quarter. NVIDIA makes up 9.3% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its biggest holding. Zevenbergen Capital Investments LLC’s holdings in NVIDIA were worth $403,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Montgomery Financial Services LLC bought a new stake in shares of NVIDIA during the 2nd quarter valued at about $28,000. Phillip James Consulting Co. purchased a new position in shares of NVIDIA during the first quarter valued at about $40,000. Bard Associates Inc. raised its stake in NVIDIA by 8,866.7% in the second quarter. Bard Associates Inc. now owns 269 shares of the computer hardware maker’s stock worth $54,000 after buying an additional 266 shares in the last quarter. Frankly Finances LLC bought a new position in NVIDIA in the second quarter worth about $60,000. Finally, ABS Investment Management LLC bought a new position in NVIDIA in the second quarter worth about $80,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares in the company, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total value of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a report on Thursday, August 27th. Piper Sandler began coverage on NVIDIA in a report on Wednesday, September 9th. They set an “overweight” rating and a $300.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of NVIDIA in a report on Wednesday, October 21st. HSBC increased their target price on NVIDIA from $360.00 to $365.00 in a research report on Thursday, August 27th. Finally, DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of NVIDIA in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $321.47.

Key Headlines Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Stock Down 4.2%

Shares of NVIDIA stock opened at $204.64 on Friday. NVIDIA Corporation has a 1 year low of $164.27 and a 1 year high of $243.37. The firm has a market cap of $4.93 trillion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.64 and a beta of 2.22. The company has a 50-day moving average of $221.74 and a 200 day moving average of $204.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. NVIDIA’s quarterly revenue was up 105.9% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA announced that its board has approved a stock buyback program on Monday, September 28th that authorizes the company to buy back $150 billion in shares. This repurchase authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Share repurchase programs are often an indication that the company’s management believes its shares are undervalued.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

NVIDIA Profile

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.