Aquire Wealth Advisors LLC Acquires 2,072 Shares of NVIDIA Corporation $NVDA

Key Points

• Aquire Wealth Advisors LLC increased its stake in NVIDIA Corporation by 37.9%, acquiring an additional 2,072 shares in the first quarter, bringing its total holdings to 7,532 shares valued at $816,000.
• Insider trading activity includes CEO Jen Hsun Huang selling 75,000 shares for approximately $11.44 million and Director Tench Coxe selling 1 million shares valued at $142.8 million.
• NVIDIA's recent quarterly earnings revealed a 55.6% year-over-year revenue growth to $46.74 billion, with earnings per share surpassing analysts' estimates at $1.05.

Aquire Wealth Advisors LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 37.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,532 shares of the computer hardware maker's stock after acquiring an additional 2,072 shares during the quarter. NVIDIA accounts for 0.3% of Aquire Wealth Advisors LLC's portfolio, making the stock its 24th largest holding. Aquire Wealth Advisors LLC's holdings in NVIDIA were worth $816,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. BCR Wealth Strategies LLC boosted its position in shares of NVIDIA by 10.6% in the first quarter. BCR Wealth Strategies LLC now owns 3,227 shares of the computer hardware maker's stock valued at $349,000 after acquiring an additional 308 shares during the period. Cary Street Partners Financial LLC lifted its position in NVIDIA by 5.9% in the first quarter. Cary Street Partners Financial LLC now owns 170,675 shares of the computer hardware maker's stock worth $18,498,000 after purchasing an additional 9,535 shares during the period. Advyzon Investment Management LLC lifted its position in NVIDIA by 55.8% in the first quarter. Advyzon Investment Management LLC now owns 32,669 shares of the computer hardware maker's stock worth $3,541,000 after purchasing an additional 11,694 shares during the period. Middleton & Co. Inc. MA lifted its position in NVIDIA by 238.1% in the first quarter. Middleton & Co. Inc. MA now owns 53,452 shares of the computer hardware maker's stock worth $5,793,000 after purchasing an additional 37,642 shares during the period. Finally, Plan Group Financial LLC lifted its position in NVIDIA by 133.6% in the first quarter. Plan Group Financial LLC now owns 5,141 shares of the computer hardware maker's stock worth $557,000 after purchasing an additional 2,940 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,872,755 shares of company stock valued at $764,283,330 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock opened at $171.66 on Friday. The business's 50-day simple moving average is $172.55 and its 200 day simple moving average is $140.01. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 48.91, a P/E/G ratio of 1.24 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders 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 dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James Financial raised their target price on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Benchmark raised their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Evercore ISI raised their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Wedbush reaffirmed an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Robert W. Baird increased their price objective on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

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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