Accurate Wealth Management LLC Acquires 10,724 Shares of NVIDIA Corporation $NVDA

Key Points

• Accurate Wealth Management increased its NVIDIA stake by 4.5% in the second quarter, acquiring 10,724 shares and bringing its holdings to 247,781 shares worth approximately $52.2 million.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, beating analyst expectations, while analysts maintained a broadly positive outlook with a consensus “Moderate Buy” rating and a $322.61 price target.
• Insiders sold approximately 1.9 million NVIDIA shares worth $410.4 million over the past 90 days, while the company approved an $80 billion stock-repurchase program and announced a $0.25 quarterly dividend.

Accurate Wealth Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,781 shares of the computer hardware maker's stock after acquiring an additional 10,724 shares during the quarter. NVIDIA makes up 5.0% of Accurate Wealth Management LLC's portfolio, making the stock its 2nd biggest holding. Accurate Wealth Management LLC's holdings in NVIDIA were worth $52,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lifetime Wealth Management P.C. purchased a new position in NVIDIA during the fourth quarter worth about $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA during the first quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock worth $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. acquired a new position in NVIDIA in the first quarter valued at $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at about $40,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NVDA shares. Truist Financial increased their target price on NVIDIA from $307.00 to $346.00 and gave the company a "buy" rating in a research note on Thursday. Rosenblatt Securities set a $390.00 price target on shares of NVIDIA in a research report on Thursday. Raymond James Financial set a $515.00 target price on shares of NVIDIA and gave the company a "strong-buy" rating in a research note on Thursday. Citic Securities increased their price target on NVIDIA from $242.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. Finally, Stifel Nicolaus set a $315.00 price target on NVIDIA in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $322.61.

Insider Buying and Selling

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company's stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the firm's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares of the company's stock, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,900,500 shares of company stock worth $410,449,265 in the last 90 days. 3.94% of the stock is owned by company insiders.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results exceeded expectations: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year, while Data Center revenue rose 117% to $89.0 billion. Non-GAAP EPS was $2.22 versus the $2.09 consensus, and gross margin remained 75%. NVIDIA Announces Financial Results for Second Quarter Fiscal 2027
• Positive Sentiment: Guidance reinforced the AI growth story: NVIDIA forecast approximately $108 billion in fiscal Q3 revenue and indicated that fiscal 2028 revenue could grow about 70%, well above prior Wall Street expectations. Management said demand is exceeding available supply across memory, packaging, power and computing capacity. Nvidia rises after signaling longer AI spending runway
• Positive Sentiment: Customer commitments and product expansion support visibility: AWS plans to add two million NVIDIA GPUs, while the Vera Rubin platform is entering full production. The company also announced financing partnerships intended to mobilize more than $500 billion for AI infrastructure. NVIDIA quarterly results
• Positive Sentiment: Analysts raised their targets: JPMorgan lifted its target to $320, RBC to $330, and other firms set targets as high as $345-$352, citing NVIDIA’s growth, margins and CUDA ecosystem. What Wall Street is saying about NVIDIA
• Neutral Sentiment: NVIDIA is reportedly pursuing a roughly $12.9 billion acquisition of open-source AI platform Hugging Face, which could broaden its software ecosystem but remains unconfirmed and may carry integration and valuation risks. Nvidia agrees to buy Hugging Face, report says
• Negative Sentiment: Investors are monitoring profitability and execution risks: Fiscal Q3 gross-margin guidance of 74% is below the latest quarter, reflecting higher memory and infrastructure costs. NVIDIA also excludes China Data Center compute revenue from its outlook. NVIDIA earnings call puts supply limits at center of outlook
• Negative Sentiment: The company paused some revenue-sharing and financing arrangements with AI cloud firms, raising questions about customer funding, circular financing concerns and the sustainability of AI returns. Nvidia pauses revenue-sharing deals

NVIDIA Trading Up 8.7%

Shares of NVDA stock opened at $227.98 on Friday. NVIDIA Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $207.95 and a 200 day simple moving average of $200.66. The stock has a market capitalization of $5.52 trillion, a P/E ratio of 28.82, a P/E/G ratio of 0.41 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 107.00% and a net margin of 63.66%.The company had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company's quarterly revenue was up 105.9% compared to the same quarter last year. On average, sell-side analysts expect that NVIDIA Corporation will post 8.8 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA's dividend payout ratio (DPR) is 15.31%.

NVIDIA announced that its board has approved a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

NVIDIA Company Profile

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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