Graypoint LLC Decreases Stock Position in NVIDIA Corporation $NVDA

Key Points

• Graypoint LLC reduced its stake in NVIDIA Corporation by 0.6%, holding 398,912 shares valued at approximately $63 million, making it the firm's third largest position.
• NVIDIA's recent quarterly earnings report showed a 55.6% year-over-year revenue increase to $46.74 billion, alongside earnings per share of $1.05, exceeding analysts' expectations.
• Insider trading activity included Director Mark A. Stevens selling 350,000 shares worth over $61 million, while CEO Jen Hsun Huang sold 75,000 shares valued at around $14 million.

Graypoint LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 398,912 shares of the computer hardware maker's stock after selling 2,583 shares during the period. NVIDIA accounts for about 3.5% of Graypoint LLC's investment portfolio, making the stock its 3rd largest position. Graypoint LLC's holdings in NVIDIA were worth $63,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its holdings in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its holdings in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its holdings in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its holdings in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVDA shares. Wedbush reissued an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Bank of America lifted their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

Insiders Place Their Bets

In other 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 transaction of $61,736,500.00. Following the sale, the director 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 sale was disclosed in a legal 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 Wednesday, October 1st. The stock was sold at an average price of $186.61, for a total value of $13,995,750.00. Following the sale, the chief executive officer owned 71,083,203 shares in the company, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,097,407 shares of company stock worth $714,378,504 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA opened at $187.62 on Friday. The business's 50-day moving average is $178.11 and its two-hundred day moving average is $148.36. 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 firm has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12.

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

NVIDIA Announces Dividend

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

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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