Core Wealth Partners LLC Has $2.59 Million Position in NVIDIA Corporation $NVDA

Core Wealth Partners LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,918 shares of the computer hardware maker's stock after purchasing an additional 1,738 shares during the period. NVIDIA makes up about 1.5% of Core Wealth Partners LLC's portfolio, making the stock its 15th biggest holding. Core Wealth Partners LLC's holdings in NVIDIA were worth $2,592,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NVDA. Brighton Jones LLC lifted its holdings in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares during the last quarter. Hudson Value Partners LLC lifted its holdings in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Selway Asset Management acquired a new stake in NVIDIA during the 4th quarter worth approximately $269,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. Craig Hallum lifted their price objective on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Jefferies Financial Group lifted their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, UBS Group upped their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three 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 stock presently has an average rating of "Moderate Buy" and an average target price of $207.42.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,832,755 shares of company stock valued at $619,935,680 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVIDIA stock opened at $170.76 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 1.22 and a beta of 2.10. The stock has a fifty day moving average of $173.29 and a 200-day moving average of $140.65.

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

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be 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 of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 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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