AustralianSuper Pty Ltd Sells 17,605 Shares of NVIDIA Corporation $NVDA

AustralianSuper Pty Ltd trimmed its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,409,773 shares of the computer hardware maker’s stock after selling 17,605 shares during the period. NVIDIA makes up approximately 7.5% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its largest holding. AustralianSuper Pty Ltd’s holdings in NVIDIA were worth $1,486,650,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVDA. Morton Brown Family Wealth LLC lifted its position in shares of NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after purchasing an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its stake in NVIDIA by 0.3% in 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 buying an additional 58 shares during the last quarter. Alpha Wealth Funds LLC lifted its position in NVIDIA by 1.3% during the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after buying an additional 59 shares in the last quarter. Copia Wealth Management boosted its stake in shares of NVIDIA by 14.7% during the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after buying an additional 60 shares during the last quarter. Finally, BKM Wealth Management LLC grew its holdings in shares of NVIDIA by 1.1% in the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock valued at $908,000 after acquiring an additional 60 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 over the last 90 days. Insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday. Citigroup increased their price objective on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a report on Thursday. Wedbush boosted their target price on shares of NVIDIA from $210.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $257.79.

NVIDIA Stock Down 1.0%

Shares of NVDA opened at $178.88 on Friday. The firm has a market cap of $4.35 trillion, a P/E ratio of 50.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The firm’s 50-day simple moving average is $186.46 and its 200 day simple moving average is $168.41.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. During the same period in the prior year, the company posted $0.81 earnings per share. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

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.