NVIDIA Corporation $NVDA Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,844 shares of the computer hardware maker's stock after selling 35,835 shares during the period. NVIDIA comprises about 2.9% of SlateStone Wealth LLC's holdings, making the stock its 3rd biggest holding. SlateStone Wealth LLC's holdings in NVIDIA were worth $29,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Wooster Corthell Wealth Management Inc. purchased a new stake in shares of NVIDIA during the first quarter valued at $718,000. Dearborn Partners LLC lifted its holdings in shares of NVIDIA by 13.6% during the first quarter. Dearborn Partners LLC now owns 35,574 shares of the computer hardware maker's stock valued at $3,856,000 after purchasing an additional 4,268 shares during the last quarter. Delap Wealth Advisory LLC lifted its holdings in shares of NVIDIA by 9.8% during the first quarter. Delap Wealth Advisory LLC now owns 7,568 shares of the computer hardware maker's stock valued at $820,000 after purchasing an additional 674 shares during the last quarter. Carl P. Sherr & Co. LLC lifted its holdings in shares of NVIDIA by 3.2% during the first quarter. Carl P. Sherr & Co. LLC now owns 28,949 shares of the computer hardware maker's stock valued at $3,137,000 after purchasing an additional 907 shares during the last quarter. Finally, Tredje AP fonden lifted its holdings in shares of NVIDIA by 5.7% during the first quarter. Tredje AP fonden now owns 5,567,408 shares of the computer hardware maker's stock valued at $603,396,000 after purchasing an additional 297,953 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $174.18 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock's 50-day moving average is $170.83 and its two-hundred day moving average is $139.02. The firm has a market cap of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.58 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the firm posted $0.68 EPS. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday. Barclays upped their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Morgan Stanley upped their target price on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday. Finally, UBS Group increased their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.69.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the transaction, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is currently owned by corporate insiders.

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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