Kaydan Wealth Management Inc. Takes $267,000 Position in NVIDIA Corporation $NVDA

Key Points

• Kaydan Wealth Management Inc. acquired a new stake in NVIDIA Corporation worth approximately $267,000, purchasing 1,690 shares in the second quarter.
• Several institutional investors have also increased their positions in NVIDIA, with notable purchases totaling $6.5 million by Butensky & Cohen Financial Security Inc. during the same period.
• Analyst ratings for NVIDIA are largely positive, with a consensus rating of "Moderate Buy" and an average price target of $209.82.

Kaydan Wealth Management Inc. acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,690 shares of the computer hardware maker's stock, valued at approximately $267,000.

Several other institutional investors have also modified their holdings of the company. Walker Financial Services Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at $253,000. Butensky & Cohen Financial Security Inc. purchased a new stake in shares of NVIDIA during the second quarter valued at $6,496,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of NVIDIA during the second quarter valued at $265,000. Pinnacle Bancorp Inc. lifted its holdings in shares of NVIDIA by 25.1% during the second quarter. Pinnacle Bancorp Inc. now owns 7,199 shares of the computer hardware maker's stock valued at $1,137,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its holdings in shares of NVIDIA by 3.1% during the second quarter. Wright Investors Service Inc. now owns 112,401 shares of the computer hardware maker's stock valued at $17,758,000 after purchasing an additional 3,332 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NVDA shares. Morgan Stanley upped their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Citigroup dropped their target price on NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Loop Capital increased their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, Oppenheimer reissued an "outperform" rating and set a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $209.82.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction 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 sale, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,050,558 shares of company stock valued at $701,164,609. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $178.19 on Monday. The stock has a 50 day moving average of $176.60 and a two-hundred day moving average of $146.20. The company has a current ratio of 4.21, a quick ratio of 3.60 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 $184.55. The company has a market capitalization of $4.33 trillion, a P/E ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is 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 presently 1.14%.

NVIDIA Company 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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