Benjamin Edwards Inc. Sells 157,657 Shares of NVIDIA Corporation $NVDA

Key Points

• Benjamin Edwards Inc. has reduced its stake in NVIDIA by 28% in the first quarter, now holding 405,250 shares valued at approximately $43.9 million.
• Goldman Sachs increased its position in NVIDIA by 123.5%, owning over 187 million shares worth about $20.4 billion, demonstrating significant institutional interest.
• NVIDIA recently announced a $0.01 quarterly dividend to be paid on October 2nd, reflecting a modest yield and a payout ratio of 1.14%.

Benjamin Edwards Inc. lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,250 shares of the computer hardware maker's stock after selling 157,657 shares during the period. Benjamin Edwards Inc.'s holdings in NVIDIA were worth $43,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.8%

NASDAQ NVDA traded up $1.29 during trading on Monday, hitting $168.31. The company had a trading volume of 161,369,820 shares, compared to its average volume of 172,462,880. 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 Corporation has a one year low of $86.62 and a one year high of $184.48. The company has a market cap of $4.09 trillion, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. The company's fifty day moving average is $172.94 and its 200-day moving average is $140.44.

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

NVIDIA Announces Dividend

The firm also recently declared 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 608,248 shares of NVIDIA stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This trade represents a 6.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,832,755 shares of company stock valued at $619,935,680 in the last three months. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. Rosenblatt Securities upped their price objective on shares of NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Finally, Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

NVIDIA 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.