Good Steward Wealth Advisors LLC Cuts Position in NVIDIA Corporation $NVDA

Good Steward Wealth Advisors LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 8.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,640 shares of the computer hardware maker’s stock after selling 257 shares during the quarter. Good Steward Wealth Advisors LLC’s holdings in NVIDIA were worth $417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Nuveen LLC bought a new stake in NVIDIA during the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock valued at $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $2,987,733,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 3.5%

Shares of NVDA opened at $176.24 on Friday. The company’s fifty day moving average is $175.50 and its 200 day moving average is $143.02. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market capitalization of $4.28 trillion, a PE ratio of 50.21, a P/E/G ratio of 1.23 and a beta of 2.10. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Wells Fargo & Company raised their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Citigroup dropped their price objective on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, September 8th. Wolfe Research raised their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.47.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, June 27th. The shares were sold at an average price of $157.02, for a total transaction of $11,776,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,398,225 shares of the company’s stock, valued at $11,839,029,289.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction 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 $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,819,522 shares of company stock valued at $642,506,300 over the last three months. 4.17% of the stock is owned by company insiders.

NVIDIA 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.