Boomfish Wealth Group LLC Purchases 9,825 Shares of NVIDIA Corporation $NVDA

Key Points

• Boomfish Wealth Group increased its NVIDIA position by 29.9% in the second quarter, adding 9,825 shares for a total of 42,642 shares valued at approximately $8.53 million. NVIDIA now represents about 3.9% of the firm’s portfolio.
• NVIDIA reported quarterly EPS of $2.22, beating estimates of $2.09, while revenue reached $96.22 billion, up 105.9% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $324.34.
• Despite strong institutional support, insiders sold significant holdings, 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.

Boomfish Wealth Group LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 29.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,642 shares of the computer hardware maker's stock after purchasing an additional 9,825 shares during the quarter. NVIDIA makes up about 3.9% of Boomfish Wealth Group LLC's portfolio, making the stock its 2nd largest position. Boomfish Wealth Group LLC's holdings in NVIDIA were worth $8,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NVDA. Lifetime Wealth Management P.C. bought a new stake in shares of NVIDIA during the 4th quarter valued at about $26,000. Longview Financial Advisors Inc. bought a new stake in NVIDIA in the first quarter worth approximately $27,000. Phillip James Consulting Co. acquired a new position in NVIDIA in the first quarter valued at approximately $40,000. Syntax Research Inc. lifted its stake in NVIDIA by 62.5% in the fourth quarter. Syntax Research Inc. now owns 260 shares of the computer hardware maker's stock valued at $49,000 after buying an additional 100 shares during the period. Finally, Frankly Finances LLC bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $60,000. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent analyst reports. Morgan Stanley set a $300.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Zacks Research downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $350.00 target price on shares of NVIDIA in a research note on Monday, August 24th. Sanford C. Bernstein restated an "outperform" rating and issued a $400.00 price target (up from $315.00) on shares of NVIDIA in a report on Thursday, August 27th. Finally, Melius Research set a $420.00 price target on shares of NVIDIA in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Buy" and a consensus price target of $324.34.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $228.87 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The stock 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 stock's fifty day simple moving average is $215.47 and its two-hundred day simple moving average is $205.09. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $236.54.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend 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.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 NVIDIA stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the transaction, the director directly owned 2,336,531 shares in the company, valued at approximately $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 ninety days, insiders sold 1,735,658 shares of company stock valued at $392,663,865. Corporate insiders own 3.94% of the company's stock.

NVIDIA Company 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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