Annis Gardner Whiting Capital Advisors LLC Sells 16,613 Shares of NVIDIA Corporation $NVDA

Annis Gardner Whiting Capital Advisors LLC lessened its stake in NVIDIA Corporation (NASDAQ:NVDA) by 29.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,768 shares of the computer hardware maker’s stock after selling 16,613 shares during the quarter. NVIDIA makes up approximately 1.8% of Annis Gardner Whiting Capital Advisors LLC’s holdings, making the stock its 6th biggest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in NVIDIA were worth $4,310,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $50,000. LSV Asset Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $54,000. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Rosenblatt Securities increased their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Jefferies Financial Group increased their price objective on shares of NVIDIA from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. TD Cowen increased their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Finally, Robert W. Baird increased their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.69.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares of the company’s stock, valued at $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,872,755 shares of company stock valued at $764,283,330 over the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 0.6%

NVIDIA stock opened at $171.66 on Friday. The firm has a 50 day simple moving average of $172.55 and a 200-day simple moving average of $140.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.17 trillion, a PE ratio of 48.91, a price-to-earnings-growth ratio of 1.24 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business’s revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 1.14%.

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.