Chemistry Wealth Management LLC Has $2.87 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Chemistry Wealth Management LLC increased its stake in NVIDIA Corporation by 53.5% in Q2, bringing its total holdings to 18,156 shares worth approximately $2.87 million.
• Multiple analysts have recently rated NVIDIA with a strong buy or buy rating, and the average price target for the stock is $208.47.
• CEO Jen Hsun Huang and Director Mark A. Stevens have recently sold significant shares, contributing to a total insider sale of 4 million shares over the last ninety days.

Chemistry Wealth Management LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 53.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,156 shares of the computer hardware maker's stock after buying an additional 6,326 shares during the quarter. NVIDIA makes up 0.6% of Chemistry Wealth Management LLC's investment portfolio, making the stock its 28th largest holding. Chemistry Wealth Management LLC's holdings in NVIDIA were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its holdings in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its holdings in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its holdings in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc lifted its holdings in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NVDA shares. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wolfe Research raised their price target on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Finally, Barclays raised their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $208.47.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 297,797 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,020,022 shares of company stock valued at $677,418,500 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $176.67 on Friday. The stock has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $175.73 and a 200 day moving average of $143.62.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

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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