Foster Victor Wealth Advisors LLC Reduces Holdings in NVIDIA Corporation $NVDA

Key Points

• Foster Victor Wealth Advisors LLC reduced its holdings in NVIDIA Corporation by 9.9%, selling 3,363 shares and now owning 30,693 shares valued at approximately $4.99 million.
• NVIDIA reported $1.05 earnings per share, beating estimates, with quarterly revenue of $46.74 billion, reflecting a 55.6% increase year-over-year.
• Institutional investors own 65.27% of NVIDIA's stock, with several firms increasing their positions significantly in recent months.

Foster Victor Wealth Advisors LLC cut its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,693 shares of the computer hardware maker's stock after selling 3,363 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in NVIDIA were worth $4,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC raised its position in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA stock opened at $187.62 on Friday. The company has a market cap of $4.56 trillion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock's fifty day moving average price is $178.11 and its 200-day moving average price is $148.36.

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

NVIDIA Announces Dividend

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

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer owned 74,648,225 shares in the company, valued at $12,269,182,261. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock worth $714,378,504 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVDA. Evercore ISI increased their target price on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 23rd. Wells Fargo & Company increased their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Morgan Stanley increased their target price on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Finally, Daiwa Capital Markets increased their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $211.00.

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.

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