Bristlecone Advisors LLC Cuts Stock Position in NVIDIA Corporation $NVDA

Bristlecone Advisors LLC lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,525 shares of the computer hardware maker's stock after selling 9,128 shares during the period. NVIDIA makes up approximately 2.7% of Bristlecone Advisors LLC's portfolio, making the stock its 7th largest position. Bristlecone Advisors LLC's holdings in NVIDIA were worth $32,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management purchased a new stake in shares of NVIDIA during the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. lifted its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI lifted their price target on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Stifel Nicolaus boosted their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five 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 $207.42.

NVIDIA Trading Up 3.4%

NASDAQ NVDA traded up $5.73 during mid-day trading on Wednesday, reaching $176.49. 165,142,157 shares of the stock were exchanged, compared to its average volume of 236,777,578. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The business's fifty day simple moving average is $173.29 and its 200 day simple moving average is $140.65. The stock has a market capitalization of $4.29 trillion, a PE ratio of 50.35, a PEG ratio of 1.22 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Buying and Selling

In related news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares of the company's stock, valued at $63,448,564. The trade was a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the transaction, the chief executive officer directly owned 72,398,366 shares of the company's stock, valued at approximately $12,286,726,693.86. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is owned by company insiders.

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.