Sterling Investment Advisors LLC ADV Reduces Stake in NVIDIA Corporation $NVDA

Key Points

• Sterling Investment Advisors LLC ADV significantly reduced its stake in NVIDIA Corporation by 72.4%, selling 2,232 shares and retaining only 849 shares valued at approximately $134,000.
• Several institutional investors increased their holdings in NVIDIA, with notable contributions including Kathleen S. Wright Associates Inc. increasing their stake by 169.3% in the first quarter.
• NVIDIA reported strong quarterly earnings, achieving an EPS of $1.05, surpassing estimates and showing a robust 55.6% revenue increase year-over-year, along with a planned quarterly dividend of $0.01.

Sterling Investment Advisors LLC ADV cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 72.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 849 shares of the computer hardware maker's stock after selling 2,232 shares during the quarter. Sterling Investment Advisors LLC ADV's holdings in NVIDIA were worth $134,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management purchased a new stake in shares of NVIDIA in the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of 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 last quarter. Finally, Campbell Capital Management Inc. increased its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NVDA opened at $177.69 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The company's fifty day moving average is $176.48 and its two-hundred day moving average is $145.30. The firm has a market cap of $4.32 trillion, a PE ratio of 50.62, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock valued at $720,979,162 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Rosenblatt Securities restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Tuesday. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Finally, Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.82.

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.

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