GSB Wealth Management LLC Trims Stock Position in NVIDIA Corporation $NVDA

GSB Wealth Management LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,351 shares of the computer hardware maker’s stock after selling 260 shares during the period. NVIDIA comprises about 1.2% of GSB Wealth Management LLC’s portfolio, making the stock its 17th largest holding. GSB Wealth Management LLC’s holdings in NVIDIA were worth $5,111,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NVDA. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in 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 during the period. Westend Capital Management LLC raised its position in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after acquiring an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $188.89 on Friday. The firm has a market capitalization of $4.59 trillion, a PE ratio of 53.81, a PEG ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. The firm’s 50-day moving average price is $177.83 and its 200 day moving average price is $147.65. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the transaction, the chief executive officer directly owned 74,648,225 shares of the company’s stock, valued at $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock valued at $714,378,504 over the last ninety days. Company insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on NVDA shares. Rosenblatt Securities reiterated a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Tuesday, September 23rd. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a research note on Tuesday. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and raised their price target for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Finally, 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 research note on Thursday, August 28th. Four equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $211.00.

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.