GS Investments Inc. Sells 958 Shares of NVIDIA Corporation $NVDA

GS Investments Inc. cut its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,370 shares of the computer hardware maker’s stock after selling 958 shares during the quarter. NVIDIA makes up approximately 1.9% of GS Investments Inc.’s investment portfolio, making the stock its 20th largest holding. GS Investments Inc.’s holdings in NVIDIA were worth $4,050,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 3.3%

Shares of NVDA stock opened at $174.18 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The company has a market cap of $4.23 trillion, a price-to-earnings ratio of 49.62, a PEG ratio of 1.58 and a beta of 2.14. The stock has a 50 day simple moving average of $170.83 and a 200-day simple moving average of $139.02. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.

NVIDIA (NASDAQ:NVDA) last announced 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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’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 research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid 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 dividend payout ratio is currently 1.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NVDA shares. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Craig Hallum upped their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Finally, Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.69.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares of the company’s stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,862,440 shares of company stock valued at $896,145,782 in the last 90 days. 4.17% of the stock is owned by company insiders.

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.