NVIDIA Corporation $NVDA Shares Purchased by Clearstead Trust LLC

Key Points

• Clearstead Trust LLC increased its holdings in NVIDIA Corporation by 2.6%, now owning 108,463 shares valued at approximately $11.76 million, making it the eighth largest holding in their portfolio.
• Insider sell-offs include Director Mark A. Stevens selling over 608,000 shares for approximately $88.35 million and EVP Ajay K. Puri selling 168,195 shares for about $25.67 million.
• Analysts have raised NVIDIA's price targets, with Benchmark increasing its target to $220.00 and Mizuho to $205.00, while the stock currently enjoys a consensus rating of "Moderate Buy."

Clearstead Trust LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,463 shares of the computer hardware maker's stock after buying an additional 2,746 shares during the quarter. NVIDIA comprises 2.6% of Clearstead Trust LLC's portfolio, making the stock its 8th largest holding. Clearstead Trust LLC's holdings in NVIDIA were worth $11,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its stake 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 in the last quarter. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC boosted its stake 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 acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the transaction, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 in the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 2.7%

NASDAQ NVDA traded down $4.64 on Friday, reaching $167.02. The stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The business has a 50 day moving average price of $172.73 and a 200 day moving average price of $140.20. The company has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is 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 currently 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Wells Fargo & Company raised their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Morgan Stanley raised their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Oppenheimer reissued 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. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Mizuho lifted their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

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.