NVIDIA Corporation $NVDA Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,699 shares of the computer hardware maker's stock after selling 27,700 shares during the period. NVIDIA makes up approximately 2.7% of Resolute Wealth Strategies LLC's holdings, making the stock its 8th biggest position. Resolute Wealth Strategies LLC's holdings in NVIDIA were worth $4,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter worth about $54,000. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. 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 the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 over the last 90 days. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $194.31.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $179.81 on Tuesday. The company has a market capitalization of $4.39 trillion, a PE ratio of 58.00, a PEG ratio of 1.56 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock's fifty day simple moving average is $168.05 and its 200 day simple moving average is $137.81.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion for 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%.NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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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