bLong Financial LLC Sells 266 Shares of NVIDIA Corporation $NVDA

bLong Financial LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.2% during the first quarter, HoldingsChannel.com reports. The fund owned 168,441 shares of the computer hardware maker’s stock after selling 266 shares during the period. NVIDIA accounts for about 16.2% of bLong Financial LLC’s holdings, making the stock its 2nd largest holding. bLong Financial LLC’s holdings in NVIDIA were worth $18,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Andina Capital Management LLC boosted its position in NVIDIA by 515.9% during the first quarter. Andina Capital Management LLC now owns 13,217 shares of the computer hardware maker’s stock worth $1,432,000 after acquiring an additional 11,071 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in NVIDIA by 3.3% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 543,797 shares of the computer hardware maker’s stock worth $58,937,000 after acquiring an additional 17,594 shares during the last quarter. Colonial Trust Advisors boosted its position in NVIDIA by 1.5% during the first quarter. Colonial Trust Advisors now owns 214,166 shares of the computer hardware maker’s stock worth $23,211,000 after acquiring an additional 3,250 shares during the last quarter. Matthew 25 Management Corp boosted its position in NVIDIA by 4.4% during the first quarter. Matthew 25 Management Corp now owns 438,500 shares of the computer hardware maker’s stock worth $47,525,000 after acquiring an additional 18,500 shares during the last quarter. Finally, Senator Investment Group LP boosted its position in NVIDIA by 8.3% during the first quarter. Senator Investment Group LP now owns 357,500 shares of the computer hardware maker’s stock worth $38,746,000 after acquiring an additional 27,500 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the sale, the chief executive officer directly owned 72,398,366 shares of the company’s stock, valued at $12,286,726,693.86. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVDA shares. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Bank of America boosted their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $215.00 target price on shares of NVIDIA in a report on Thursday, September 4th. Finally, Citigroup decreased their target price on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $207.42.

NVIDIA Stock Performance

Shares of NVDA stock opened at $177.33 on Thursday. The firm’s 50 day moving average price is $173.69 and its 200-day moving average price is $140.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm has a market cap of $4.31 trillion, a P/E ratio of 50.52, a P/E/G ratio of 1.24 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm 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 business posted $0.68 EPS. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.01 per share. 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%.

NVIDIA 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.