PTM Wealth Management LLC Sells 409 Shares of NVIDIA Corporation $NVDA

PTM Wealth Management LLC trimmed its stake in NVIDIA Corporation (NASDAQ:NVDA) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,310 shares of the computer hardware maker’s stock after selling 409 shares during the period. PTM Wealth Management LLC’s holdings in NVIDIA were worth $368,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in NVIDIA in the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its stake in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its stake in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in NVIDIA in the fourth quarter valued at about $2,987,733,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,020,022 shares of company stock worth $677,418,500. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. UBS Group increased their price target on NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Needham & Company LLC reissued a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, New Street Research increased their price objective on NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, September 12th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $208.47.

NVIDIA Stock Performance

NASDAQ NVDA opened at $176.67 on Friday. The company has a market cap of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The stock’s 50 day simple moving average is $175.73 and its 200-day simple moving average is $143.62. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) 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.