NVIDIA Corporation $NVDA Shares Sold by BOS Asset Management LLC

Key Points

• BOS Asset Management LLC reduced its holdings in NVIDIA Corporation by 6.3% during the first quarter, now owning 44,240 shares valued at approximately $4.8 million.
• NVIDIA reported a quarterly earnings per share of $1.05, surpassing estimates, with revenue reaching $46.74 billion, a 55.6% year-over-year increase.
• The firm has recently announced a quarterly dividend of $0.01 per share, with the dividend yield currently at 0.0%.

BOS Asset Management LLC cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 44,240 shares of the computer hardware maker's stock after selling 2,953 shares during the period. NVIDIA accounts for about 1.6% of BOS Asset Management LLC's holdings, making the stock its 15th biggest position. BOS Asset Management LLC's holdings in NVIDIA were worth $4,795,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after buying an additional 36,266,817 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 2.9% during the 1st 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 buying 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. Finally, Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Up 0.4%

Shares of NVIDIA stock opened at $177.82 on Monday. The business has a 50-day moving average of $174.42 and a 200-day moving average of $141.80. 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 company has a market capitalization of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the transaction, the director directly owned 368,887 shares in the company, valued at $63,448,564. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,907,755 shares of company stock valued at $633,253,430 over the last 90 days. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NVDA shares. KeyCorp restated an "overweight" rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Wells Fargo & Company upped their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Evercore ISI upped their price objective on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.83.

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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