BlueSky Wealth Advisors LLC Has $6.12 Million Stock Position in NVIDIA Corporation $NVDA

BlueSky Wealth Advisors LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 27.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,722 shares of the computer hardware maker’s stock after selling 14,817 shares during the quarter. NVIDIA makes up approximately 0.9% of BlueSky Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. BlueSky Wealth Advisors LLC’s holdings in NVIDIA were worth $6,118,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Harvest LLC acquired a new position in NVIDIA during the second quarter worth approximately $1,664,000. KFG Wealth Management LLC increased its position in NVIDIA by 5.5% during the second quarter. KFG Wealth Management LLC now owns 17,920 shares of the computer hardware maker’s stock worth $2,831,000 after buying an additional 936 shares during the last quarter. Friday Financial increased its position in NVIDIA by 17.9% during the second quarter. Friday Financial now owns 4,211 shares of the computer hardware maker’s stock worth $665,000 after buying an additional 639 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in NVIDIA by 5.1% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 33,041 shares of the computer hardware maker’s stock worth $5,220,000 after buying an additional 1,603 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in NVIDIA by 13.3% during the second quarter. GAMMA Investing LLC now owns 510,668 shares of the computer hardware maker’s stock worth $80,680,000 after buying an additional 60,052 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $187.24 on Thursday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $177.52 and a two-hundred day moving average price of $147.17. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $188.14. The company has a market cap of $4.55 trillion, a P/E ratio of 53.34, a PEG ratio of 1.35 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 EPS. The firm’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. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s payout ratio is 1.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and upped their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Morgan Stanley lifted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction that occurred 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 transaction, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,022,407 shares of company stock worth $700,382,754 in the last three months. Insiders own 4.17% of the company’s stock.

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.