Avaii Wealth Management LLC Has $11.40 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Avaii Wealth Management LLC increased its stake in NVIDIA Corporation by 7.6% during Q2, holding 72,174 shares valued at approximately $11.4 million.
• Several other hedge funds also significantly modified their NVIDIA holdings, with some increasing shares by as much as 5,900% in the first quarter.
• NVIDIA reported earnings of $1.05 per share for the last quarter, beating estimates, with revenues up 55.6% year-over-year at $46.74 billion.

Avaii Wealth Management LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,174 shares of the computer hardware maker's stock after acquiring an additional 5,115 shares during the period. NVIDIA accounts for approximately 5.1% of Avaii Wealth Management LLC's holdings, making the stock its 3rd largest position. Avaii Wealth Management LLC's holdings in NVIDIA were worth $11,403,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the period. Finally, Luken Investment Analytics LLC grew its holdings in NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NVDA shares. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Truist Financial lifted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Wells Fargo & Company lifted their price target on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a report on Friday. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $211.26.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $172.52, for a total value of $12,939,000.00. Following the transaction, the chief executive officer directly owned 74,348,225 shares of the company's stock, valued at $12,826,555,777. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,921,593 shares of company stock valued at $686,502,137 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 1.1%

NASDAQ NVDA opened at $185.54 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05. The company has a 50 day moving average of $178.29 and a 200-day moving average of $149.05. The company has a market cap of $4.51 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

NVIDIA Company 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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