Braun Bostich & Associates Inc. Has $1.37 Million Stake in NVIDIA Corporation $NVDA

Braun Bostich & Associates Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,650 shares of the computer hardware maker’s stock after selling 242 shares during the period. Braun Bostich & Associates Inc.’s holdings in NVIDIA were worth $1,367,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its holdings in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC increased its holdings in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc increased its holdings in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen C. Neal sold 28,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director owned 143,410 shares in the company, valued at $25,466,747.80. The trade was a 16.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,020,022 shares of company stock worth $677,418,500. Insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Craig Hallum raised their target price on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $208.47.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $176.67 on Friday. The firm has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. The stock’s 50-day moving average is $175.73 and its 200-day moving average is $143.44. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio is presently 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.