NVIDIA Corporation $NVDA Shares Sold by Blodgett Wealth Advisors LLC

Key Points

• Blodgett Wealth Advisors LLC reduced its holdings in NVIDIA Corporation by 4.8%, now owning 95,942 shares valued at approximately $15.16 million.
• NVIDIA reported a quarterly earnings per share of $1.05, surpassing estimates, with a revenue of $46.74 billion, marking a 55.6% year-over-year increase.
• The company's stock performance has led to considerable interest from institutional investors, with UBS and Goldman Sachs significantly increasing their stakes in the recent quarters.

Blodgett Wealth Advisors LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,942 shares of the computer hardware maker's stock after selling 4,815 shares during the period. NVIDIA makes up approximately 11.9% of Blodgett Wealth Advisors LLC's investment portfolio, making the stock its 2nd largest position. Blodgett Wealth Advisors LLC's holdings in NVIDIA were worth $15,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after buying an additional 20,494,402 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC acquired a new stake in NVIDIA during the first quarter worth $15,089,414,000. Finally, Amundi increased its stake in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.61 on Tuesday. The firm has a fifty day moving average price of $176.12 and a 200 day moving average price of $144.35. The company has a market cap of $4.46 trillion, a P/E ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. 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 released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 issued a $0.01 dividend. 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 is 1.14%.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,109,874 shares of company stock valued at $698,280,697. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Rosenblatt Securities raised their price objective on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Evercore ISI lifted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.