1900 Wealth Management LLC Has $1.13 Million Stake in NVIDIA Corporation $NVDA

Key Points

• 1900 Wealth Management LLC has reduced its stake in NVIDIA Corporation by 42.4%, holding 7,146 shares worth approximately $1.13 million after selling 5,264 shares in the second quarter.
• Other institutional investors have increased their positions significantly, with Kingstone Capital Partners boosting its holdings by 267,959.7% to over 382 million shares valued at nearly $65 billion.
• NVIDIA reported a quarterly earnings per share of $1.05, exceeding expectations and demonstrating a year-over-year revenue increase of 55.6% to $46.74 billion.

1900 Wealth Management LLC lowered its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 42.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,146 shares of the computer hardware maker's stock after selling 5,264 shares during the period. 1900 Wealth Management LLC's holdings in NVIDIA were worth $1,129,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter valued at about $15,089,414,000. Finally, Amundi increased its stake in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.8%

Shares of NVDA stock opened at $183.22 on Monday. The firm has a fifty day moving average of $179.40 and a 200-day moving average of $153.63. The stock has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. 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 (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, beating 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 business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Sunday. UBS Group set a $320.00 price target on NVIDIA in a report on Wednesday. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company increased their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $222.23.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Insiders sold 3,678,937 shares of company stock worth $654,837,526 in the last 90 days. 4.17% of the stock is owned by company insiders.

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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