NVIDIA Corporation $NVDA Shares Sold by Westshore Wealth LLC

Westshore Wealth LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,167 shares of the computer hardware maker’s stock after selling 270 shares during the quarter. NVIDIA accounts for about 2.9% of Westshore Wealth LLC’s portfolio, making the stock its 9th largest holding. Westshore Wealth LLC’s holdings in NVIDIA were worth $7,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. HFG Wealth Management LLC raised its stake in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares in the last quarter. Burkett Financial Services LLC raised its position in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock valued at $861,000 after buying an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. raised its position in shares of NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker’s stock valued at $500,000 after buying an additional 77 shares in the last quarter. Ehrlich Financial Group raised its position in shares of NVIDIA by 2.4% in the 2nd quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker’s stock valued at $530,000 after buying an additional 80 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker’s stock valued at $1,228,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Jefferies Financial Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, September 12th. Benchmark boosted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.76.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the transaction, the chief executive officer directly owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,203,905 shares of company stock valued at $722,009,402 over the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 2.8%

NVDA opened at $178.43 on Wednesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $176.28 and a 200-day moving average of $144.59. The stock has a market cap of $4.34 trillion, a PE ratio of 50.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

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.