Wisconsin Capital Management Trims NVIDIA Holdings Amid Market Movements

Wisconsin Capital Management LLC has recently adjusted its investment portfolio by reducing its stake in NVIDIA Co. (NASDAQ:NVDA). In the third quarter, the firm decreased its shareholdings in the tech giant by 5.7%, as revealed by their latest 13F filing with the Securities and Exchange Commission. Post-sale, the investment firm's interest in NVIDIA amounted to 21,784 shares. Even after this reduction, NVIDIA remains a significant asset for Wisconsin Capital Management, comprising 6.3% of its total portfolio and standing as its most dominant position with a market value of approximately $9.48 million, according to the most recent SEC filing.

Investment Landscape Shifts for NVIDIA

Wisconsin Capital Management isn't the only entity to have altered its investments in NVIDIA. Various other hedge funds and institutional investors have also recently increased or decreased their stakes in the company. For instance, United Bank upped its ownership by 28.9% during the first quarter, while Mirae Asset Global Investments Co. Ltd. boosted its holdings by 6.8%, resulting in the ownership of nearly 3.9 million shares. Additionally, MAS Advisors LLC and Navis Wealth Advisors LLC aggressively raised their positions by 42.1% and 205.3%, respectively.

Insider Transactions at NVIDIA

Insiders at NVIDIA have also been active in the stock market, with insider Donald F. Robertson, Jr. offloading 450 shares at an average price of $484.62 each. Similarly, Director John Dabiri parted with 218 shares at an average selling price of $484.99. Following these transactions, Dabiri's subsequent holding stands at 2,183 shares, valued over $1 million. Over the recent three-month period, NVIDIA insiders have sold a substantial 155,216 shares.

Performance and Dividends

NVIDIA's stock has witnessed dynamic price movements, with a 52-week range spanning from $189.50 to $628.49. The tech company maintains a robust balance sheet with a healthy debt-to-equity ratio and liquidity positions. The firm has also announced a consistent quarterly dividend payout, extending a $0.04 per share dividend recently to its shareholders of record.

Analyst Insights on NVIDIA

Analysts have been closely following NVIDIA stocks with numerous reports and target price adjustments surfacing. The stock generally holds a 'Moderate Buy' consensus rating among analysts, with a variety of price targets suggesting optimism for the company's performance. Recent earnings have also surpassed expectations, signaling bright prospects for the firm's fiscal year.

About NVIDIA

NVIDIA Corporation is a leading force in the graphics and compute sector, providing advanced GPU solutions for a range of applications from gaming to professional visual computing. The company has showcased a strong ability to innovate, creating new platforms and services that cater to a global market.

Wisconsin, Capital, NVIDIA, Holdings, Reduction, Investment, Insiders, Dividend, Performance