NVIDIA Corporation $NVDA Stock Position Cut by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in NVIDIA by 1.9% in Q2, now holding 1,112,866 shares, which constitute 4.7% of its portfolio, valued at approximately $175.8 million.
• NVIDIA reported $1.05 earnings per share for its last quarter, exceeding estimates, with revenue of $46.74 billion, up 55.6% year-over-year.
• The firm declared a quarterly dividend of $0.01 per share, to be paid on October 2nd, translating to an annualized yield of 0.0% as of now.

MassMutual Private Wealth & Trust FSB decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112,866 shares of the computer hardware maker's stock after selling 21,875 shares during the period. NVIDIA comprises approximately 4.7% of MassMutual Private Wealth & Trust FSB's investment portfolio, making the stock its 2nd largest holding. MassMutual Private Wealth & Trust FSB's holdings in NVIDIA were worth $175,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE increased its position in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC grew its position in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in NVIDIA by 1.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock valued at $99,072,000 after acquiring an additional 13,700 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA traded down $4.98 during trading hours on Tuesday, reaching $178.63. 112,995,200 shares of the company traded hands, compared to its average volume of 234,105,422. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.34 trillion, a PE ratio of 50.88, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The stock has a fifty day simple moving average of $176.12 and a 200 day simple moving average of $144.35.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for 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 quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. The trade was a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the sale, the chief executive officer owned 71,683,203 shares in the company, valued at $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,109,874 shares of company stock worth $698,280,697. Insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays reissued an "overweight" rating on shares of NVIDIA in a research report on Monday. Bank of America boosted their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Loop Capital boosted their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Morgan Stanley boosted their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Finally, Craig Hallum boosted their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $208.76.

NVIDIA Company 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.