Massachusetts Wealth Management Has $3.39 Million Holdings in NVIDIA Corporation $NVDA

Massachusetts Wealth Management lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,452 shares of the computer hardware maker’s stock after selling 223 shares during the quarter. NVIDIA makes up about 1.9% of Massachusetts Wealth Management’s investment portfolio, making the stock its 11th largest position. Massachusetts Wealth Management’s holdings in NVIDIA were worth $3,389,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Finally, Amundi boosted its stake in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVDA. Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their price target on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Wolfe Research set a $230.00 price target on NVIDIA and gave the company an “outperform” rating in a research note on Tuesday. Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Five investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $222.23.

NVIDIA Trading Up 5.0%

NVDA stock opened at $201.03 on Wednesday. The company has a market cap of $4.89 trillion, a P/E ratio of 57.27, a PEG ratio of 1.38 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $203.15. 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 business has a fifty day moving average of $180.16 and a 200-day moving average of $157.72.

NVIDIA (NASDAQ:NVDA) last released its 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 company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the completion of the sale, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $190.73, for a total value of $4,768,250.00. Following the sale, the chief executive officer owned 69,783,203 shares of the company’s stock, valued at approximately $13,309,750,308.19. The trade was a 0.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,751,577 shares of company stock valued at $670,766,375. 4.17% of the stock is currently owned by corporate insiders.

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.