NVIDIA Corporation $NVDA Shares Purchased by BostonPremier Wealth LLC

Key Points

• BostonPremier Wealth LLC increased its stake in NVIDIA by 40.7% during the 2nd quarter, owning a total of 23,660 shares valued at approximately $3.7 million.
• NVIDIA reported a quarterly earnings per share of $1.05, surpassing expectations, with revenue of $46.74 billion, marking a 55.6% increase year-over-year.
• The stock has recently experienced some insider selling, with directors selling over 600,000 shares in total during September, resulting in a notable decrease in their positions.

BostonPremier Wealth LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 40.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,660 shares of the computer hardware maker's stock after buying an additional 6,850 shares during the quarter. NVIDIA accounts for approximately 2.1% of BostonPremier Wealth LLC's portfolio, making the stock its 11th largest holding. BostonPremier Wealth LLC's holdings in NVIDIA were worth $3,738,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NVDA. Astoria Portfolio Advisors LLC. grew its stake in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its position in NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted 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 position 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 during the last quarter. Finally, Financial Perspectives Inc increased its stake in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.7%

NASDAQ:NVDA opened at $187.62 on Monday. The stock has a market cap of $4.56 trillion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. 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 business's 50-day simple moving average is $178.11 and its 200 day simple moving average is $148.57.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm earned $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the 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 transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,971,893 shares of company stock worth $694,502,352 in the last ninety days. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Evercore ISI upped their target price on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.00.

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.

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