Jupiter Wealth Management LLC Decreases Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Jupiter Wealth Management LLC reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 15.1%, now owning approximately 57,521 shares valued at $6.23 million, making it their 6th largest holding.
• CEO Jen Hsun Huang sold 75,000 shares of NVIDIA, decreasing his ownership by 0.10%, while insider activity shows that a total of 3.9 million shares were sold in the last 90 days.
• Several analysts have increased their price targets for NVIDIA, with Bank of America raising it from $220 to $235, contributing to a consensus rating of "Moderate Buy" and a target price of $207.83.

Jupiter Wealth Management LLC lowered its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,521 shares of the computer hardware maker's stock after selling 10,236 shares during the quarter. NVIDIA comprises approximately 4.0% of Jupiter Wealth Management LLC's portfolio, making the stock its 6th largest holding. Jupiter Wealth Management LLC's holdings in NVIDIA were worth $6,234,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Copia Wealth Management bought a new position in shares of NVIDIA in the fourth quarter worth $50,000. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased 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 acquiring an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares of the company's stock, valued at $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,907,755 shares of company stock valued at $633,253,430 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America increased their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Truist Financial upped their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. UBS Group upped their price target on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.

NVIDIA Stock Performance

NVIDIA stock opened at $177.82 on Friday. 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 moving average of $174.42 and a 200-day moving average of $141.65. The firm has a market cap of $4.32 trillion, a P/E ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates 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 business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current 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. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 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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