Angeles Wealth Management LLC Purchases 7,428 Shares of NVIDIA Corporation $NVDA

Angeles Wealth Management LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,627 shares of the computer hardware maker's stock after acquiring an additional 7,428 shares during the quarter. NVIDIA makes up approximately 0.9% of Angeles Wealth Management LLC's portfolio, making the stock its 20th largest position. Angeles Wealth Management LLC's holdings in NVIDIA were worth $10,906,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Copia Wealth Management bought a new position in NVIDIA during the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on NVDA. Barclays increased their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. UBS Group increased their target price on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday. Bank of America increased their target price on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Oppenheimer increased their target price on shares of NVIDIA from $175.00 to $200.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, KeyCorp increased their target price on shares of NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $192.44.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares in the company, valued at $3,808,670,208. This represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 over the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.7%

Shares of NVIDIA stock opened at $177.99 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market cap of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.56 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $167.35 and its 200-day moving average price is $137.46.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

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.

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