Bannerman Wealth Management Group LLC Has $2.03 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Bannerman Wealth Management Group LLC increased its stake in NVIDIA Corporation by 15.8% in Q2, now holding approximately $2.03 million worth of shares, making it the firm's 13th largest position.
• Several institutional investors, including Copia Wealth Management and Kathleen S. Wright Associates, have recently adjusted their positions in NVIDIA, contributing to overall institutional ownership of 65.27%.
• NVIDIA stock opened at $187.62 recently, after posting stronger-than-expected earnings with a net margin of 52.41% and revenue growth of 55.6% year-over-year.

Bannerman Wealth Management Group LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,834 shares of the computer hardware maker's stock after acquiring an additional 1,752 shares during the period. NVIDIA makes up about 1.6% of Bannerman Wealth Management Group LLC's investment portfolio, making the stock its 13th biggest position. Bannerman Wealth Management Group LLC's holdings in NVIDIA were worth $2,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. lifted its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC lifted its holdings in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho boosted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Citigroup reaffirmed a "buy" rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Finally, Wells Fargo & Company boosted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Four equities 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 given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $211.00.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,097,407 shares of company stock worth $714,378,504 in the last quarter. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 0.7%

NVDA stock opened at $187.62 on Friday. The stock has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. 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 12 month low of $86.62 and a 12 month high of $191.05. The firm has a 50-day moving average price of $178.11 and a 200-day moving average price of $148.36.

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

NVIDIA Announces Dividend

The firm also recently disclosed 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 yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

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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