NVIDIA Corporation $NVDA Shares Sold by Blossom Wealth Management

Key Points

• Blossom Wealth Management has reduced its stake in NVIDIA Corporation by 3.2%, retaining 60,302 shares, which makes NVIDIA its largest holding at 16.9% of the portfolio.
• Insiders have sold a total of 3,925,379 shares of NVIDIA stock worth approximately $694.3 million over the past three months, indicating significant selling activity among company directors.
• Analysts maintain a consensus rating of "Moderate Buy" for NVIDIA, with a price target averaging around $212.84 following several recent upgrades from notable firms.

Blossom Wealth Management lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,302 shares of the computer hardware maker's stock after selling 1,985 shares during the quarter. NVIDIA accounts for about 16.9% of Blossom Wealth Management's portfolio, making the stock its largest holding. Blossom Wealth Management's holdings in NVIDIA were worth $9,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Astoria Portfolio Advisors LLC. lifted its holdings in shares of 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 buying an additional 864 shares during the period. Centerpoint Advisory Group raised its holdings in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC raised its holdings in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC raised its holdings in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its holdings in NVIDIA by 2.8% in 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 during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value 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 $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,925,379 shares of company stock worth $694,277,421. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. New Street Research upped their price target on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, September 12th. KeyCorp reaffirmed an "overweight" rating and issued a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group set a $210.00 price target on NVIDIA and gave the stock a "buy" rating in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned 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 $212.84.

NVIDIA Price Performance

NVDA stock opened at $183.16 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day simple moving average of $179.16 and a 200-day simple moving average of $150.49. The firm has a market capitalization of $4.45 trillion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 1.39 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62.

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, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.

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