SpringVest Wealth Management LLC Sells 878 Shares of NVIDIA Corporation $NVDA

SpringVest Wealth Management LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,511 shares of the computer hardware maker’s stock after selling 878 shares during the quarter. SpringVest Wealth Management LLC’s holdings in NVIDIA were worth $489,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in NVIDIA during the 4th quarter valued at approximately $54,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company’s stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. KeyCorp lifted their price target on shares of NVIDIA from $190.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho lifted their target price on NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. BNP Paribas upgraded NVIDIA to a “hold” rating in a research note on Friday, August 1st. Oppenheimer lifted their target price on NVIDIA from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.44.

NVIDIA Price Performance

Shares of NVDA stock opened at $177.99 on Friday. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14. The business’s fifty day moving average is $167.35 and its 200 day moving average is $137.31. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts’ expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.NVIDIA’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA’s dividend payout ratio is presently 1.29%.

NVIDIA Company Profile

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.