Ballentine Partners LLC Trims Stake in NVIDIA Corporation $NVDA

Ballentine Partners LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,323 shares of the computer hardware maker’s stock after selling 2,418 shares during the period. NVIDIA makes up 1.1% of Ballentine Partners LLC’s portfolio, making the stock its 15th biggest holding. Ballentine Partners LLC’s holdings in NVIDIA were worth $73,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Oak Wealth Advisors LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at $288,000. tru Independence LLC grew its position in NVIDIA by 6.6% in the second quarter. tru Independence LLC now owns 4,196 shares of the computer hardware maker’s stock worth $663,000 after acquiring an additional 258 shares in the last quarter. BCS Wealth Management grew its position in NVIDIA by 44.5% in the second quarter. BCS Wealth Management now owns 28,862 shares of the computer hardware maker’s stock worth $4,560,000 after acquiring an additional 8,891 shares in the last quarter. Charter Capital Management LLC DE purchased a new position in NVIDIA in the second quarter worth $354,000. Finally, Bannerman Wealth Management Group LLC grew its position in NVIDIA by 15.8% in the second quarter. Bannerman Wealth Management Group LLC now owns 12,834 shares of the computer hardware maker’s stock worth $2,028,000 after acquiring an additional 1,752 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 74,648,225 shares of the company’s stock, valued at approximately $12,269,182,261. This trade represents 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 this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,097,407 shares of company stock valued at $714,378,504 over the last three months. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Wells Fargo & Company upped their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. Robert W. Baird upped their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Finally, Craig Hallum upped their target price on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.00.

NVIDIA Price Performance

NVDA stock opened at $187.62 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. The company has a market cap of $4.56 trillion, a P/E ratio of 53.45, a PEG ratio of 1.36 and a beta of 2.12. The firm has a 50-day moving average of $178.11 and a 200 day moving average of $148.36. 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 released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $45.65 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was 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.