Rothschild Investment Reduces NVIDIA Holdings by $2.5 Million

Rothschild Investment LLC has reduced its stake in NVIDIA Corporation (NASDAQ: NVDA) by 3.5%, according to a recent filing with the Securities and Exchange Commission (SEC). The firm currently holds 433,565 shares of NVIDIA, valued at approximately $68.5 million, after selling 15,591 shares during the second quarter of 2023. This makes NVIDIA the largest position in Rothschild’s investment portfolio, accounting for about 4.3% of its total assets.

Several other institutional investors have made adjustments to their holdings in NVIDIA as well. Notably, Geode Capital Management LLC increased its stake by 1.5%, now owning 579,213,497 shares worth approximately $91.15 billion. Kingstone Capital Partners Texas LLC made significant moves, boosting its position by an astonishing 267,959.7% to acquire 382,373,765 shares valued at $64.98 billion.

UBS Asset Management also added to its shares in the first quarter, increasing its holdings by 2.9% to 206,794,926 shares, now worth $22.41 billion. Meanwhile, Goldman Sachs Group Inc. raised its position significantly by 123.5%, acquiring 187,995,213 shares valued at $20.37 billion.

Hedge funds and institutional investors collectively own 65.27% of NVIDIA’s stock, highlighting the strong interest from large financial entities.

Insider Transactions and Recent Performance

In related developments, NVIDIA’s Chief Financial Officer, Colette Kress, sold 27,640 shares on November 3, 2023, at an average price of $208.33, totaling approximately $5.76 million. After this transaction, Kress retained ownership of 2,828,122 shares, valued at around $589.18 million. This sale represents a 0.97% decrease in her holdings.

Additionally, CEO Jen Hsun Huang sold 25,000 shares on October 29, 2023, for about $5.20 million. Following this transaction, Huang owns 69,733,203 shares valued at approximately $14.50 billion, marking only a 0.04% decrease in ownership. Over the past ninety days, insiders have sold a total of 2,949,931 shares worth $531.61 million. Corporate insiders now hold 4.17% of the company’s stock.

NVIDIA’s stock recently experienced a slight decline of 0.5%. The company reported its earnings on November 19, 2023, revealing earnings per share (EPS) of $1.30, surpassing analysts’ expectations of $1.23 by $0.07. The company reported a return on equity of 99.24% and a net margin of 53.01%. NVIDIA’s revenue reached $57.01 billion for the quarter, significantly higher than the forecast of $54.66 billion and up 62.5% year-over-year.

Dividend Announcement and Analyst Ratings

NVIDIA also announced a quarterly dividend set to be paid on December 26, 2023. Shareholders on record as of December 4, 2023, will receive a dividend of $0.01 per share, equating to an annualized yield of 0.0%.

Analysts have issued various ratings for NVIDIA shares. New Street Research maintained a “buy” rating with a target price of $307.00. Other firms, including President Capital and UBS Group, set price targets of $245.00 and $235.00, respectively. Based on data from MarketBeat.com, NVIDIA holds a consensus rating of “Buy” with a price target of $258.65.

NVIDIA Corporation, renowned for its innovations in graphics and computing solutions, operates globally, providing products such as GeForce GPUs for gaming, Quadro/NVIDIA RTX GPUs for enterprise applications, and automotive platforms for infotainment systems. The company’s ongoing developments and strong investor interest continue to position it as a leader in the technology sector.