21 West Wealth Management LLC Makes New $2.21 Million Investment in NVIDIA Corporation $NVDA

Key Points

• 21 West Wealth Management LLC purchased 13,961 shares of NVIDIA Corporation in Q2, valued at approximately $2.2 million, which constitutes 2.2% of their portfolio.
• Several analysts have issued positive ratings for NVIDIA, with DA Davidson upgrading the stock to a "buy" and raising the price target to $210.
• NVIDIA reported a quarterly revenue of $46.74 billion, exceeding analysts' expectations and reflecting a year-over-year growth of 55.6%.

21 West Wealth Management LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 13,961 shares of the computer hardware maker's stock, valued at approximately $2,206,000. NVIDIA accounts for 2.2% of 21 West Wealth Management LLC's portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NVIDIA by 2.9% in 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 purchasing an additional 5,896,735 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of NVIDIA by 11.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth $15,089,414,000. Finally, Amundi boosted its position in shares of NVIDIA by 16.0% in the 1st 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 in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,109,874 shares of company stock worth $698,280,697 in the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $3.47 on Tuesday, hitting $180.14. The company's stock had a trading volume of 54,165,677 shares, compared to its average volume of 233,717,188. 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 1 year low of $86.62 and a 1 year high of $184.55. The firm has a fifty day moving average price of $176.12 and a 200-day moving average price of $144.35. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 51.35, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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 return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 EPS. NVIDIA'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, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. KeyCorp reaffirmed an "overweight" rating and set a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Oppenheimer reissued an "outperform" rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Benchmark increased their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Daiwa Capital Markets increased their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Finally, Robert W. Baird increased their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $208.76.

About NVIDIA

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.