Finer Wealth Management Inc. Purchases 4,946 Shares of NVIDIA Corporation $NVDA

Finer Wealth Management Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,188 shares of the computer hardware maker's stock after buying an additional 4,946 shares during the period. NVIDIA makes up 5.5% of Finer Wealth Management Inc.'s holdings, making the stock its 4th biggest holding. Finer Wealth Management Inc.'s holdings in NVIDIA were worth $9,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NVDA. High Note Wealth LLC grew its position in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC lifted its position in shares of NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after buying an additional 94 shares in the last quarter. Next Capital Management LLC lifted its position in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC lifted its position in shares of NVIDIA by 0.8% during the 1st quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after buying an additional 96 shares in the last quarter. Finally, Affiance Financial LLC lifted its position in shares of NVIDIA by 0.7% during the 1st quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 1.5%

NVIDIA stock opened at $170.76 on Wednesday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The firm has a market capitalization of $4.15 trillion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 1.22 and a beta of 2.10. 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 firm has a 50 day simple moving average of $173.29 and a 200 day simple moving average of $140.65.

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

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at approximately $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,832,755 shares of company stock worth $619,935,680. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Rosenblatt Securities lifted their target price on shares of NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wedbush reissued an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Raymond James Financial lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $207.42.

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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