Journey Strategic Wealth LLC Increases Position in NVIDIA Corporation $NVDA

Key Points

• Journey Strategic Wealth LLC has increased its holdings in NVIDIA Corporation by 17.3% in the first quarter, owning a total of 109,325 shares valued at approximately $11.85 million.
• Analysts are generally optimistic about NVIDIA, with recent upgrades from firms like Bank of America and Barclays, raising price targets significantly, indicating a buy or strong-buy sentiment among a majority of analysts.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, with a yield that is currently negligible at 0.0%, highlighting a low payout ratio of 1.29%.

Journey Strategic Wealth LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,325 shares of the computer hardware maker's stock after purchasing an additional 16,088 shares during the quarter. NVIDIA comprises 0.4% of Journey Strategic Wealth LLC's portfolio, making the stock its 20th largest position. Journey Strategic Wealth LLC's holdings in NVIDIA were worth $11,849,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. lifted its position in NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group increased its holdings in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC grew its stake in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC boosted its stake in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc boosted its stake in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Bank of America lifted their price target on shares of NVIDIA from $180.00 to $220.00 in a research note on Wednesday, July 16th. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. The Goldman Sachs Group started coverage on shares of NVIDIA in a report on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target for the company. Finally, Morgan Stanley restated an "overweight" rating and issued a $206.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $192.44.

NVIDIA Stock Up 1.7%

NASDAQ:NVDA opened at $177.99 on Friday. The company has a market cap of $4.34 trillion, a PE ratio of 57.42, a P/E/G ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $167.35 and its two-hundred day moving average is $137.31.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. 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 at this link. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by insiders.

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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