NVIDIA Corporation $NVDA Shares Sold by Level Wealth Management LLC

Level Wealth Management LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,332 shares of the computer hardware maker’s stock after selling 303 shares during the period. Level Wealth Management LLC’s holdings in NVIDIA were worth $368,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Novare Capital Management LLC lifted its position in shares of NVIDIA by 18.4% during the second quarter. Novare Capital Management LLC now owns 218,403 shares of the computer hardware maker’s stock worth $34,505,000 after purchasing an additional 34,011 shares in the last quarter. Conway Capital Management Inc. lifted its holdings in NVIDIA by 1.3% in the 2nd quarter. Conway Capital Management Inc. now owns 143,562 shares of the computer hardware maker’s stock worth $22,681,000 after buying an additional 1,853 shares in the last quarter. William Blair Investment Management LLC boosted its position in NVIDIA by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 12,272,393 shares of the computer hardware maker’s stock valued at $1,938,915,000 after buying an additional 74,755 shares during the last quarter. Albert D Mason Inc. acquired a new stake in shares of NVIDIA during the second quarter valued at about $508,000. Finally, Quotient Wealth Partners LLC increased its position in shares of NVIDIA by 2.8% during the second quarter. Quotient Wealth Partners LLC now owns 97,387 shares of the computer hardware maker’s stock worth $15,386,000 after acquiring an additional 2,660 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,326,577 shares of company stock worth $596,625,187 in the last three months. 4.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. KeyCorp restated an “overweight” rating and set a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Stifel Nicolaus lifted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Hsbc Global Res upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $235.44.

NVIDIA Trading Down 3.0%

NVIDIA stock opened at $193.16 on Wednesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm’s 50-day moving average is $184.37 and its 200-day moving average is $164.63. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market cap of $4.69 trillion, a P/E ratio of 55.03, a PEG ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 firm 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 business earned $0.68 earnings per share. NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid 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 was Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

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.