NVIDIA Corporation $NVDA Stock Position Trimmed by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by 6.5% in the second quarter, Holdings Channel reports. The institutional investor owned 23,583 shares of the computer hardware maker’s stock after selling 1,648 shares during the period. NVIDIA makes up about 2.4% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 8th biggest holding. Sage Private Wealth Group LLC’s holdings in NVIDIA were worth $3,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morton Brown Family Wealth LLC grew its stake in shares of NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after buying an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC boosted its holdings in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after acquiring an additional 58 shares during the period. Copia Wealth Management grew its position in NVIDIA by 14.7% in the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after acquiring an additional 60 shares during the last quarter. Pachira Investments Inc. increased its stake in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after purchasing an additional 63 shares during the period. Finally, Warner Financial Inc. lifted its position in shares of NVIDIA by 2.3% during the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock worth $460,000 after purchasing an additional 66 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares in the company, valued at $12,333,277,791.90. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,401,577 shares of company stock valued at $610,228,687 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 0.0%

Shares of NASDAQ NVDA opened at $188.15 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The stock’s fifty day simple moving average is $183.43 and its two-hundred day simple moving average is $163.40. The stock has a market capitalization of $4.57 trillion, a PE ratio of 53.60, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. 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) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the prior year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVDA shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. Jefferies Financial Group upped their target price on shares of NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. 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 note on Thursday, August 28th. The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 price target (up previously from $210.00) on shares of NVIDIA in a report on Friday, October 31st. Finally, Wedbush restated an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $233.75.

NVIDIA 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.