BOS Asset Management LLC Sells 3,419 Shares of NVIDIA Corporation $NVDA

Key Points

• BOS Asset Management reduced its NVIDIA stake by 9.1%, selling 3,419 shares and retaining 34,356 shares worth approximately $7.85 million. Despite the sale, NVIDIA remains 1.8% of the fund’s portfolio.
• NVIDIA reported strong quarterly results, with revenue up 105.9% year over year to $96.22 billion and EPS of $2.22, exceeding analyst expectations. Analysts maintain a broadly bullish view, with an average “Buy” rating and a $321.47 price target.
• The company authorized a $150 billion share-repurchase program, while institutional investors collectively own 65.27% of NVIDIA’s shares. Recent insider sales included transactions by a director and the CFO.

BOS Asset Management LLC trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,356 shares of the computer hardware maker's stock after selling 3,419 shares during the period. NVIDIA comprises 1.8% of BOS Asset Management LLC's holdings, making the stock its 15th largest position. BOS Asset Management LLC's holdings in NVIDIA were worth $7,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WoodTrust Financial Corp grew its stake in shares of NVIDIA by 8.5% in the third quarter. WoodTrust Financial Corp now owns 40,291 shares of the computer hardware maker's stock worth $9,201,000 after purchasing an additional 3,155 shares during the last quarter. Dakota Community Bank & Trust NA grew its position in NVIDIA by 47.9% during the third quarter. Dakota Community Bank & Trust NA now owns 9,321 shares of the computer hardware maker's stock valued at $2,129,000 after buying an additional 3,018 shares during the period. McNaughton Wealth Management LLC increased its holdings in shares of NVIDIA by 4.2% during the 3rd quarter. McNaughton Wealth Management LLC now owns 20,804 shares of the computer hardware maker's stock worth $4,751,000 after buying an additional 837 shares during the last quarter. Vilga Financial Planning LLC lifted its stake in NVIDIA by 3.1% in the third quarter. Vilga Financial Planning LLC now owns 24,214 shares of the computer hardware maker's stock worth $5,530,000 after acquiring an additional 727 shares during the last quarter. Finally, Chapin Davis Inc. lifted its position in NVIDIA by 1.5% in the third quarter. Chapin Davis Inc. now owns 61,409 shares of the computer hardware maker's stock valued at $14,025,000 after purchasing an additional 928 shares during the period. Institutional investors own 65.27% of the company's stock.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA’s strong earnings, expanding margins and outlook for roughly 70% revenue growth in fiscal 2028 continue to support the bullish case. Analysts argue that AI demand remains supply-constrained and that the company’s latest guidance exceeded expectations. NVIDIA’s AI Dominance Could Have Further to Run
• Positive Sentiment: The company is broadening its role beyond GPUs by offering complete AI-factory architectures, networking, software and edge systems. Expanded collaborations with Microsoft, Meta, Oracle and other partners could increase NVIDIA’s share of customers’ overall AI infrastructure budgets. How AI Factory Expansion Will Impact NVIDIA Investors
• Positive Sentiment: Commentary highlighting AI demand, pricing power and NVIDIA’s strategic investments in networking, software and AI companies provides potential long-term catalysts. Wall Street analyst sentiment remains broadly favorable despite the recent correction. NVIDIA Stock: Analyst Estimates and Ratings

NVIDIA Price Performance

Shares of NVDA opened at $204.64 on Monday. The firm's 50 day moving average price is $221.74 and its 200 day moving average price is $204.24. NVIDIA Corporation has a fifty-two week low of $164.27 and a fifty-two week high of $243.37. The company has a market cap of $4.93 trillion, a P/E ratio of 25.87, a PEG ratio of 1.57 and a beta of 2.21. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The firm had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm's quarterly revenue was up 105.9% compared to the same quarter last year. On average, research analysts forecast that NVIDIA Corporation will post 9.30 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. NVIDIA's dividend payout ratio (DPR) is currently 12.64%.

NVIDIA declared that its Board of Directors has authorized a stock buyback plan on Monday, September 28th that allows the company to repurchase $150 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a "buy" rating and issued a $315.00 price target (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the company a "strong-buy" rating in a report on Thursday, August 27th. KGI Securities increased their price target on shares of NVIDIA from $335.00 to $345.00 in a research report on Thursday, August 27th. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of NVIDIA from a "buy (b)" rating to a "buy (b+)" rating in a report on Friday, October 16th. Five investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Buy" and an average price target of $321.47.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of the firm's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the sale, the director directly owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. This trade represents a 21.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 34,918 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 765,103 shares in the company, valued at approximately $167,595,812.15. This represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,766,118 shares of company stock worth $399,450,353. Insiders own 3.94% of the company's stock.

About NVIDIA

NVIDIA Corporation NASDAQ: NVDA is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company's products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.

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