Bellwether Advisors LLC Reduces Position in NVIDIA Corporation $NVDA

Key Points

• Bellwether Advisors LLC reduced its stake in NVIDIA Corporation by 13.0%, selling 12,753 shares and now holds 85,541 shares, which constitutes about 1.9% of its investment portfolio.
• NVIDIA's stock price is currently at $181.60, with a market capitalization of $4.43 trillion and a PE ratio of 58.58.
• The company reported earnings with an EPS of $0.81, missing expectations, but had a revenue of $44.06 billion, surpassing analyst predictions.

Bellwether Advisors LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,541 shares of the computer hardware maker's stock after selling 12,753 shares during the period. NVIDIA makes up approximately 1.9% of Bellwether Advisors LLC's holdings, making the stock its 12th biggest holding. Bellwether Advisors LLC's holdings in NVIDIA were worth $9,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its holdings in NVIDIA by 0.7% during the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after buying an additional 6,665,252 shares during the period. Geode Capital Management LLC grew its position in shares of NVIDIA by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after buying an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares in the last quarter. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Jefferies Financial Group raised their price objective on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley lifted their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Trading Down 3.3%

NVDA traded down $5.99 during mid-day trading on Friday, hitting $174.18. 242,604,296 shares of the stock were exchanged, compared to its average volume of 168,293,824. The firm's fifty day moving average is $170.83 and its two-hundred day moving average is $139.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. 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 company has a market cap of $4.23 trillion, a PE ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Transactions at NVIDIA

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

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.