LeConte Wealth Management LLC Grows Position in NVIDIA Corporation $NVDA

Key Points

• LeConte Wealth Management LLC increased its holdings in NVIDIA Corporation by 41.0% in the second quarter, now owning 20,883 shares valued at $3.3 million, making it the firm's 12th biggest position.
• NVIDIA reported earnings of $1.05 per share for the last quarter, exceeding analyst expectations and showcasing a 55.6% increase in revenue year-over-year.
• Insiders sold a total of 3,921,593 shares of NVIDIA stock valued at approximately $686 million over the last 90 days, with significant sales by key executives, including Harvey C. Jones and CEO Jen Hsun Huang.

LeConte Wealth Management LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 41.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,883 shares of the computer hardware maker's stock after acquiring an additional 6,071 shares during the period. NVIDIA makes up about 2.2% of LeConte Wealth Management LLC's portfolio, making the stock its 12th biggest position. LeConte Wealth Management LLC's holdings in NVIDIA were worth $3,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% during the 1st 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 period. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% during the 1st 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 period. Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% during the 1st 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 period. Finally, Luken Investment Analytics LLC lifted its stake in NVIDIA by 107.0% during the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after acquiring an additional 321 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Down 1.1%

Shares of NVDA opened at $185.54 on Tuesday. 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 market capitalization of $4.51 trillion, a P/E ratio of 52.86, a P/E/G ratio of 1.36 and a beta of 2.12. The firm has a 50-day moving average price of $178.29 and a 200 day moving average price of $149.05. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $191.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast 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, October 2nd. Shareholders of record on Thursday, September 11th were paid 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 Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insiders Place Their Bets

In other news, Director Harvey C. Jones sold 250,000 shares of the firm's 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 completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $172.52, for a total transaction of $12,939,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,348,225 shares of the company's stock, valued at approximately $12,826,555,777. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,921,593 shares of company stock valued at $686,502,137 over the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Wolfe Research lifted their price objective on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Evercore ISI boosted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Bank of America boosted their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their target price for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued 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 presently has a consensus rating of "Moderate Buy" and an average target price of $211.26.

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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