GC Wealth Management RIA LLC Buys 270,197 Shares of NVIDIA Corporation $NVDA

Key Points

• GC Wealth Management RIA LLC significantly increased its stake in NVIDIA by 348.2% during the 2nd quarter, acquiring an additional 270,197 shares, making NVIDIA approximately 4.5% of its portfolio.
• CEO Jen Hsun Huang and CFO Colette Kress recently sold substantial amounts of their stock, with Huang selling 75,000 shares valued at $14.27 million and Kress selling 30,500 shares worth $5.38 million.
• NVIDIA's stock has received multiple upgraded price targets from analysts, with the average target now at $213.37 and various firms reaffirming "buy" ratings for the stock.

GC Wealth Management RIA LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 348.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,789 shares of the computer hardware maker's stock after acquiring an additional 270,197 shares during the period. NVIDIA comprises approximately 4.5% of GC Wealth Management RIA LLC's portfolio, making the stock its 4th biggest holding. GC Wealth Management RIA LLC's holdings in NVIDIA were worth $54,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its stake in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new position in shares of NVIDIA during the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Finally, Amundi increased its position in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock worth $665,807,776 in the last quarter. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. Mizuho upped their target price on NVIDIA from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday. Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Finally, Craig Hallum upped their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $213.37.

NVIDIA Stock Up 2.8%

NASDAQ NVDA opened at $188.32 on Tuesday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The stock has a market cap of $4.58 trillion, a PE ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12. The firm has a 50-day simple moving average of $179.32 and a 200 day simple moving average of $151.57. 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 (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, beating the consensus estimate 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 analysts' expectations of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast 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 given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 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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