NVIDIA Corporation $NVDA Shares Sold by Shelton Wealth Management LLC

Shelton Wealth Management LLC reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,107 shares of the computer hardware maker’s stock after selling 656 shares during the quarter. NVIDIA comprises approximately 1.5% of Shelton Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Shelton Wealth Management LLC’s holdings in NVIDIA were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Brighton Jones LLC boosted its holdings in NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of NVIDIA by 1.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker’s stock valued at $99,072,000 after purchasing an additional 13,700 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NVDA. Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Evercore ISI boosted their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Finally, Wolfe Research boosted their price objective on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Four equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $209.82.

Insider Buying and Selling

In other news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director owned 138,740 shares of the company’s stock, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $177.60, for a total transaction of $13,320,000.00. Following the sale, the chief executive officer directly owned 71,458,203 shares of the company’s stock, valued at approximately $12,690,976,852.80. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,176,470 shares of company stock valued at $720,979,162. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock opened at $178.19 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55. The firm has a fifty day moving average of $176.60 and a 200-day moving average of $145.99. The firm has a market capitalization of $4.33 trillion, a P/E ratio of 50.77, a PEG ratio of 1.29 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) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.