Dogwood Wealth Management LLC Grows Holdings in NVIDIA Corporation $NVDA

Key Points

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Dogwood Wealth Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,845 shares of the computer hardware maker's stock after buying an additional 3,446 shares during the period. NVIDIA comprises approximately 1.5% of Dogwood Wealth Management LLC's holdings, making the stock its 18th largest holding. Dogwood Wealth Management LLC's holdings in NVIDIA were worth $3,015,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pachira Investments Inc. increased its stake in shares of NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after buying an additional 63 shares during the period. HFG Wealth Management LLC grew its stake in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC grew its stake in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after purchasing an additional 69 shares during the last quarter. Summit Financial Strategies Inc. grew its stake in NVIDIA by 0.6% in the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock valued at $1,839,000 after purchasing an additional 69 shares during the last quarter. Finally, Burkett Financial Services LLC grew its stake in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.8%

NVIDIA stock opened at $183.22 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The stock has a 50-day moving average price of $179.40 and a 200 day moving average price of $152.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company'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 year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on NVDA shares. Oppenheimer reiterated an "outperform" rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Arete lifted their target price on NVIDIA from $235.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday. Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the company an "overweight" rating in a research note on Thursday, October 9th. UBS Group set a $320.00 target price on NVIDIA in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $222.23.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares of the company's stock, valued at $12,731,013,075.03. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 3,753,937 shares of company stock worth $667,769,026 over the last three months. Insiders own 4.17% of the company's stock.

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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