BTS Asset Management Inc. Sells 506 Shares of NVIDIA Corporation $NVDA

BTS Asset Management Inc. lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 24.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,562 shares of the computer hardware maker’s stock after selling 506 shares during the quarter. BTS Asset Management Inc.’s holdings in NVIDIA were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% during the second 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 buying an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in NVIDIA by 2.9% in the first 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 valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Finally, Amundi increased its stake in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $190.17 on Friday. The company’s 50 day simple moving average is $185.60 and its two-hundred day simple moving average is $165.95. 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 Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The stock has a market capitalization of $4.62 trillion, a PE ratio of 54.18, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Needham & Company LLC upped their price objective on NVIDIA from $200.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NVIDIA in a research report on Thursday. Rosenblatt Securities lifted their price objective on NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Bank of America upped their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $239.15.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Corporate insiders own 4.17% of the company’s stock.

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.