NVIDIA Corporation $NVDA Shares Sold by Beacon Investment Advisory Services Inc.

Key Points

• Beacon Investment Advisory Services Inc. reduced its stake in NVIDIA by 2.1%, now holding 340,395 shares valued at approximately $36.89 million.
• NVIDIA reported a missed earnings per share (EPS) of $0.81 for the last quarter, falling short of the consensus estimate of $0.87, although revenue increased to $44.06 billion, surpassing expectations.
• The stock has a present consensus rating of "Moderate Buy" with an average price target of $189.97, reflecting bullish sentiment from several analysts despite recent insider selling.

Beacon Investment Advisory Services Inc. trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 340,395 shares of the computer hardware maker's stock after selling 7,443 shares during the period. NVIDIA comprises approximately 1.7% of Beacon Investment Advisory Services Inc.'s holdings, making the stock its 12th largest holding. Beacon Investment Advisory Services Inc.'s holdings in NVIDIA were worth $36,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. American Financial & Tax Strategies Inc. acquired a new position in shares of NVIDIA in the 1st quarter valued at approximately $594,000. Quadrant Private Wealth Management LLC raised its position in shares of NVIDIA by 3.4% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 262,217 shares of the computer hardware maker's stock valued at $28,422,000 after purchasing an additional 8,547 shares in the last quarter. Sustainable Growth Advisers LP raised its position in shares of NVIDIA by 38.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 7,136,607 shares of the computer hardware maker's stock valued at $773,465,000 after purchasing an additional 1,995,946 shares in the last quarter. M. Kulyk & Associates LLC increased its holdings in shares of NVIDIA by 1.1% in the 1st quarter. M. Kulyk & Associates LLC now owns 121,880 shares of the computer hardware maker's stock valued at $13,209,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Loudon Investment Management LLC increased its holdings in shares of NVIDIA by 9.7% in the 1st quarter. Loudon Investment Management LLC now owns 1,985 shares of the computer hardware maker's stock valued at $215,000 after acquiring an additional 175 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 0.1%

NASDAQ:NVDA opened at $175.40 on Thursday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The stock has a market cap of $4.28 trillion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.54 and a beta of 2.14. The business has a fifty day moving average of $166.03 and a 200-day moving average of $136.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were issued a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.29%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. KeyCorp boosted their price target on NVIDIA from $190.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Citigroup reiterated an "overweight" rating on shares of NVIDIA in a report on Monday. The Goldman Sachs Group initiated coverage on NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target for the company. Finally, Rosenblatt Securities boosted their price target on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $189.97.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.

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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