Earned Wealth Advisors LLC Purchases 30,240 Shares of NVIDIA Corporation $NVDA

Earned Wealth Advisors LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 113.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,940 shares of the computer hardware maker's stock after acquiring an additional 30,240 shares during the period. NVIDIA accounts for 1.4% of Earned Wealth Advisors LLC's investment portfolio, making the stock its 15th biggest holding. Earned Wealth Advisors LLC's holdings in NVIDIA were worth $6,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. SGL Investment Advisors Inc. increased its stake in shares of NVIDIA by 516.7% in the first quarter. SGL Investment Advisors Inc. now owns 33,228 shares of the computer hardware maker's stock worth $3,900,000 after purchasing an additional 27,840 shares during the period. NewEdge Wealth LLC grew its holdings in NVIDIA by 67.3% in the 1st quarter. NewEdge Wealth LLC now owns 1,125,020 shares of the computer hardware maker's stock valued at $121,930,000 after buying an additional 452,627 shares during the last quarter. Allianz SE boosted its position in shares of NVIDIA by 2.0% in the first quarter. Allianz SE now owns 932,050 shares of the computer hardware maker's stock valued at $101,016,000 after acquiring an additional 17,844 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of NVIDIA by 5.0% in the first quarter. Commonwealth Equity Services LLC now owns 12,790,140 shares of the computer hardware maker's stock worth $1,386,195,000 after acquiring an additional 606,885 shares during the last quarter. Finally, Smithfield Trust Co increased its position in NVIDIA by 1.4% during the first quarter. Smithfield Trust Co now owns 84,751 shares of the computer hardware maker's stock worth $9,184,000 after acquiring an additional 1,196 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded up $1.04 on Thursday, hitting $171.66. The stock had a trading volume of 140,239,481 shares, compared to its average volume of 238,167,859. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. The firm's 50 day moving average price is $172.21 and its 200-day moving average price is $139.78. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the transaction, the chief executive officer owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,951,604 shares of company stock worth $772,854,889. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on NVDA shares. Benchmark raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. TD Cowen lifted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Craig Hallum upped their price target on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. KeyCorp reiterated an "overweight" rating and issued a $230.00 price objective (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Bank of America boosted their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.69.

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.