Bosman Wealth Management LLC Cuts Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Bosman Wealth Management LLC has decreased its holdings in NVIDIA Corporation by 22.7% during the second quarter, now owning 48,773 shares valued at approximately $7.7 million.
• NVIDIA reported $1.05 earnings per share for its latest quarter, exceeding analysts' expectations, and showed a 55.6% increase in revenue year-over-year.
• Institutional investors own 65.27% of NVIDIA's stock, with several investment firms adjusting their price targets upward, reflecting a consensus target price of approximately $222.23.

Bosman Wealth Management LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,773 shares of the computer hardware maker's stock after selling 14,285 shares during the quarter. NVIDIA accounts for approximately 6.8% of Bosman Wealth Management LLC's holdings, making the stock its 2nd biggest position. Bosman Wealth Management LLC's holdings in NVIDIA were worth $7,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVDA. Pachira Investments Inc. increased its holdings in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC raised its stake in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC raised its stake in NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after buying an additional 69 shares during the period. Summit Financial Strategies Inc. raised its stake in NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after buying an additional 69 shares during the period. Finally, Burkett Financial Services LLC lifted its holdings in shares of NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $179.83 on Thursday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The stock has a market cap of $4.37 trillion, a price-to-earnings ratio of 51.23, a P/E/G ratio of 1.30 and a beta of 2.12. The company's fifty day moving average is $179.37 and its 200 day moving average is $151.96.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NVDA shares. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Rosenblatt Securities restated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a report on Tuesday, September 23rd. Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.23.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the sale, the chief executive officer owned 70,333,203 shares of the company's stock, valued at approximately $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 3,828,937 shares of company stock worth $680,708,026 over the last quarter. Corporate insiders own 4.17% of the company's stock.

About NVIDIA

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.

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