Glass Wealth Management Co LLC Buys 1,955 Shares of NVIDIA Corporation $NVDA

Key Points

• Glass Wealth Management Co LLC has increased its stake in NVIDIA Corporation by 3.9%, now owning a total of 52,139 shares valued at approximately $8.24 million.
• Several hedge funds have recently adjusted their positions in NVIDIA, with significant increases in holdings from firms such as Kathleen S. Wright Associates Inc. and Campbell Capital Management Inc.
• Wall Street analysts have shown optimism for NVIDIA, with upgrades to buy ratings and increased price targets, reflecting positive expectations for the company's growth.

Glass Wealth Management Co LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,139 shares of the computer hardware maker's stock after buying an additional 1,955 shares during the quarter. NVIDIA comprises 4.4% of Glass Wealth Management Co LLC's holdings, making the stock its 4th biggest position. Glass Wealth Management Co LLC's holdings in NVIDIA were worth $8,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth approximately $51,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 2nd quarter worth approximately $55,000. Campbell Capital Management Inc. raised its holdings in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its holdings in shares of NVIDIA by 107.0% in the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. New Street Research upped their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Barclays reissued an "overweight" rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Stifel Nicolaus upped their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Finally, Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Five analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $222.23.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the sale, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,801,577 shares of company stock valued at $678,643,875. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $182.16 on Friday. The firm has a market cap of $4.43 trillion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The company's fifty day moving average is $179.35 and its 200-day moving average is $155.20. 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 12 month low of $86.62 and a 12 month high of $195.62.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders 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 dividend 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.

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