Abbot Financial Management Inc. Sells 2,250 Shares of NVIDIA Corporation $NVDA

Key Points

• Abbot Financial Management Inc. has reduced its stake in NVIDIA Corporation by 2.9%, now holding 76,169 shares valued at $8.26 million, which makes NVIDIA its third largest holding.
• Insider transactions saw Director Mark A. Stevens sell 935,000 shares for over $131 million, and CEO Jen Hsun Huang sold 75,000 shares, indicating substantial movements within the company.
• Analysts maintain a consensus rating of "Moderate Buy" for NVIDIA, with target prices increasing significantly from various firms, indicating strong expected growth for the stock.

Abbot Financial Management Inc. trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,169 shares of the computer hardware maker's stock after selling 2,250 shares during the period. NVIDIA makes up about 4.3% of Abbot Financial Management Inc.'s holdings, making the stock its 3rd biggest holding. Abbot Financial Management Inc.'s holdings in NVIDIA were worth $8,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. increased its holdings in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group increased its holdings in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC increased its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its holdings in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc increased its holdings in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,862,440 shares of company stock worth $896,145,782. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded down $5.99 during trading hours on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $170.83 and a 200 day simple moving average of $139.02. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The stock has a market cap of $4.23 trillion, a PE ratio of 49.62, a PEG ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the company posted $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. Equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Rosenblatt Securities increased their price target on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company raised their target price on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. UBS Group raised their target price on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Stifel Nicolaus raised their target price on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Finally, Bank of America increased their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

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.