Beam Wealth Advisors Inc. trimmed its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,294 shares of the computer hardware maker's stock after selling 11,067 shares during the quarter. NVIDIA accounts for 2.8% of Beam Wealth Advisors Inc.'s holdings, making the stock its 5th largest holding. Beam Wealth Advisors Inc.'s holdings in NVIDIA were worth $8,377,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Flagship Wealth Advisors LLC lifted its stake in shares of NVIDIA by 0.6% during the 1st quarter. Flagship Wealth Advisors LLC now owns 37,743 shares of the computer hardware maker's stock worth $4,091,000 after purchasing an additional 210 shares during the last quarter. Fayez Sarofim & Co raised its stake in NVIDIA by 14.9% in the first quarter. Fayez Sarofim & Co now owns 6,678,844 shares of the computer hardware maker's stock valued at $732,613,000 after buying an additional 864,727 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of NVIDIA by 11.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,171,415 shares of the computer hardware maker's stock valued at $4,895,678,000 after purchasing an additional 4,789,753 shares during the period. Alesco Advisors LLC increased its holdings in shares of NVIDIA by 15.0% in the first quarter. Alesco Advisors LLC now owns 3,955 shares of the computer hardware maker's stock valued at $429,000 after purchasing an additional 516 shares during the period. Finally, WealthPLAN Partners LLC increased its holdings in shares of NVIDIA by 19.4% in the first quarter. WealthPLAN Partners LLC now owns 86,242 shares of the computer hardware maker's stock valued at $9,347,000 after purchasing an additional 13,995 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,872,755 shares of company stock valued at $764,283,330. Corporate insiders own 4.17% of the company's stock.
Wall Street Analysts Forecast Growth
NVDA has been the topic of several analyst reports. BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.
Read Our Latest Report on NVDA
NVIDIA Stock Down 2.7%
NVIDIA stock opened at $167.02 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a 50-day simple moving average of $172.73 and a 200-day simple moving average of $140.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 EPS. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.
About NVIDIA
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).
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