Accurate Wealth Management LLC Has $15.89 Million Position in NVIDIA Corporation $NVDA

Key Points

• Accurate Wealth Management LLC increased its stake in NVIDIA Corporation by 10.3%, now holding approximately $15.89 million in the stock, which represents about 2.4% of its portfolio.
• CEO Jen Hsun Huang sold 75,000 shares worth approximately $13.99 million, reducing his ownership by 0.11% to over 71 million shares.
• NVIDIA reported impressive financials, with a revenue of $46.74 billion for the quarter, exceeding analyst estimates, and a year-over-year revenue increase of 55.6%.

Accurate Wealth Management LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,867 shares of the computer hardware maker's stock after buying an additional 9,061 shares during the period. NVIDIA makes up about 2.4% of Accurate Wealth Management LLC's portfolio, making the stock its 6th biggest holding. Accurate Wealth Management LLC's holdings in NVIDIA were worth $15,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its holdings in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Armis Advisers LLC acquired a new stake in NVIDIA in the 4th quarter worth about $4,216,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the sale, the chief executive officer owned 71,083,203 shares in the company, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persis Drell sold 40,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director directly owned 138,740 shares in the company, valued at $24,647,161. The trade was a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock worth $714,378,504 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 0.7%

NASDAQ NVDA opened at $187.62 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a 50-day simple moving average of $178.11 and a 200-day simple moving average of $148.15. The firm has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued 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 was Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVDA shares. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research note on Friday. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, Benchmark increased their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.00.

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.

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