Bellevue Asset Management LLC Sells 5,902 Shares of NVIDIA Corporation $NVDA

Key Points

• Bellevue Asset Management cut its NVIDIA stake by 43.9% in the second quarter, selling 5,902 shares and retaining 7,547 shares valued at approximately $1.51 million. Institutional investors and hedge funds collectively own 65.27% of NVIDIA.
• NVIDIA reported stronger-than-expected quarterly results, with adjusted EPS of $2.22 and revenue of $96.22 billion, up 105.9% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $324.34.
• Insiders have been net sellers, including CFO Colette Kress’s sale of nearly $7.65 million in shares and Director Mark Stevens’s sale of approximately $144.1 million. NVIDIA also declared a quarterly dividend of $0.25 per share, representing a 0.4% annualized yield.

Bellevue Asset Management LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 43.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,547 shares of the computer hardware maker's stock after selling 5,902 shares during the quarter. NVIDIA comprises about 0.7% of Bellevue Asset Management LLC's investment portfolio, making the stock its 20th largest position. Bellevue Asset Management LLC's holdings in NVIDIA were worth $1,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. REAP Financial Group LLC raised its position in shares of NVIDIA by 21.1% during the second quarter. REAP Financial Group LLC now owns 8,926 shares of the computer hardware maker's stock worth $1,786,000 after purchasing an additional 1,554 shares during the period. Journey Advisory Group LLC lifted its holdings in shares of NVIDIA by 18.1% during the 2nd quarter. Journey Advisory Group LLC now owns 90,065 shares of the computer hardware maker's stock valued at $18,021,000 after purchasing an additional 13,773 shares in the last quarter. 46 Peaks LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at approximately $587,000. Boomfish Wealth Group LLC increased its stake in NVIDIA by 29.9% during the 2nd quarter. Boomfish Wealth Group LLC now owns 42,642 shares of the computer hardware maker's stock worth $8,532,000 after purchasing an additional 9,825 shares in the last quarter. Finally, Blueprint Investment Partners LLC increased its stake in NVIDIA by 53.4% during the 2nd quarter. Blueprint Investment Partners LLC now owns 185,924 shares of the computer hardware maker's stock worth $37,202,000 after purchasing an additional 64,696 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on NVDA. BMO Capital Markets set a $340.00 target price on shares of NVIDIA and gave the stock an "outperform" rating in a report on Thursday, August 20th. Citigroup reissued a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of NVIDIA in a research report on Thursday, August 27th. Tigress Financial restated a "strong-buy" rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Mizuho set a $315.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of NVIDIA in a report on Thursday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $324.34.

NVIDIA Stock Performance

Shares of NVDA opened at $228.87 on Wednesday. The company has a market cap of $5.52 trillion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 1.76 and a beta of 2.22. The firm has a 50-day moving average of $215.47 and a 200-day moving average of $205.09. NVIDIA Corporation has a one year low of $164.27 and a one year high of $236.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. NVIDIA's revenue was up 105.9% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA's payout ratio is presently 12.64%.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears
• Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp.
• Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China
• Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA
• Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck
• Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne
• Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations.

Insider Buying and Selling

In related news, CFO Colette Kress sold 34,918 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the firm's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $231.62, for a total value of $144,122,997.18. Following the sale, the director directly owned 2,336,531 shares of the company's stock, valued at $541,187,310.22. This represents a 21.03% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,735,658 shares of company stock valued at $392,663,865. 3.94% of the stock is owned by insiders.

NVIDIA Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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