3,088 Shares in NVIDIA Corporation $NVDA Bought by Parkwoods Wealth Partners LLC

Key Points

• Parkwoods Wealth Partners LLC has acquired 3,088 shares of NVIDIA Corporation, valued at approximately $488,000, during the second quarter.
• Insider transactions include Director Harvey C. Jones selling 250,000 shares for over $44 million, reducing their ownership stake by 3.36%.
• NVIDIA reported a 55.6% year-over-year revenue increase, with quarterly earnings per share of $1.05, surpassing analysts' expectations.

Parkwoods Wealth Partners LLC acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,088 shares of the computer hardware maker's stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. grew its position 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 worth $44,000 after purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 2nd quarter worth $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,753,937 shares of company stock valued at $667,769,026 over the last 90 days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $183.22 on Friday. The firm has a 50 day simple moving average of $179.40 and a 200-day simple moving average of $152.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.45 trillion, a PE ratio of 52.20, a P/E/G ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. UBS Group set a $320.00 target price on shares of NVIDIA in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wolfe Research lifted their target price on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Craig Hallum lifted their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $222.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.