AXS Investments LLC Sells 980 Shares of NVIDIA Corporation $NVDA

AXS Investments LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,804 shares of the computer hardware maker’s stock after selling 980 shares during the period. NVIDIA comprises about 1.1% of AXS Investments LLC’s portfolio, making the stock its 18th largest holding. AXS Investments LLC’s holdings in NVIDIA were worth $3,989,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NVDA. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC increased its holdings in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after buying an additional 48,439,859 shares in the last quarter. Northern Trust Corp increased its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock worth $35,782,134,000 after buying an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after buying an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of NVIDIA during the 4th quarter valued at about $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Arete Research upgraded NVIDIA to a “strong-buy” rating in a research note on Wednesday, May 21st. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price target (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Benchmark boosted their price target on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $207.69.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 168,195 shares of the business’s stock in a transaction that occurred 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 directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 608,248 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. This represents a 6.87% 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 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Down 2.7%

NVDA stock opened at $167.02 on Friday. The business’s 50-day moving average price is $172.73 and its 200-day moving average price is $140.20. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The stock has a market cap of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the firm earned $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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