Abacus Wealth Partners LLC Has $4.58 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Abacus Wealth Partners LLC reduced its position in NVIDIA by 6.4%, holding 42,212 shares valued at approximately $4.58 million.
• Analysts are optimistic about NVIDIA, with several firms raising their target prices, leading to an average target price of $207.69 and most ratings being "Strong Buy" or "Buy".
• NVIDIA's recent quarterly earnings exceeded expectations, reporting $46.74 billion in revenue and earnings per share (EPS) of $1.05, up significantly from the previous year's quarter.

Abacus Wealth Partners LLC cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,212 shares of the computer hardware maker's stock after selling 2,877 shares during the period. NVIDIA comprises about 0.7% of Abacus Wealth Partners LLC's holdings, making the stock its 15th largest holding. Abacus Wealth Partners LLC's holdings in NVIDIA were worth $4,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter valued at approximately $50,000. LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter valued at approximately $54,000. Kathleen S. Wright Associates Inc. lifted its stake in shares of 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 period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter worth $51,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of 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 period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday. Finally, Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $207.69.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the sale, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director directly owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVIDIA stock traded down $5.99 during mid-day trading on Friday, hitting $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.52 and a beta of 2.14. The stock's fifty day moving average price is $170.83 and its two-hundred day moving average price is $139.08.

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, 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 analysts' expectations of $45.65 billion. During the same period in the previous year, the company posted $0.68 EPS. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current 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 given 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 presently 1.14%.

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.