Fiduciary Alliance LLC Acquires 26,463 Shares of NVIDIA Corporation $NVDA

Key Points

• Fiduciary Alliance LLC increased its stake in NVIDIA Corporation by 14.6% during the 2nd quarter, holding a total of 207,782 shares worth approximately $32.83 million.
• Wall Street analysts have raised their target prices for NVIDIA, with Morgan Stanley setting a new target of $210 and Wells Fargo increasing their price objective to $220, both maintaining an "overweight" rating.
• Insider transactions revealed that Director Mark A. Stevens sold nearly 300,000 shares for over $53 million, reducing his ownership by 3.70%.

Fiduciary Alliance LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,782 shares of the computer hardware maker's stock after purchasing an additional 26,463 shares during the quarter. NVIDIA accounts for about 2.5% of Fiduciary Alliance LLC's investment portfolio, making the stock its 5th biggest holding. Fiduciary Alliance LLC's holdings in NVIDIA were worth $32,827,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. grew its holdings in NVIDIA by 169.3% during the first 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 period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the company's stock in a transaction 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 transaction, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. The trade was a 3.70% 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 hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $156.39, for a total transaction of $11,729,250.00. Following the completion of the transaction, the chief executive officer owned 75,173,225 shares in the company, valued at approximately $11,756,340,657.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,914,341 shares of company stock worth $662,228,310 over the last ninety days. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Stock Performance

Shares of NVDA stock traded up $6.94 on Monday, reaching $183.61. The stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average is $175.73 and its two-hundred day moving average is $143.85. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for 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%. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is currently 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.