Luminvest Wealth Management LLC Makes New Investment in NVIDIA Corporation $NVDA

Key Points

• Luminvest Wealth Management LLC has acquired 1,465 shares of NVIDIA Corporation, valued at approximately $231,000, indicating growing interest from institutional investors.
• Multiple analysts have given NVIDIA a favorable outlook, with price targets ranging from $210.00 to $300.00 and a significant portion of analysts rating the stock as "Buy" or "Strong Buy."
• NVIDIA recently experienced a 4.9% decline in its stock price, despite reporting strong earnings with a revenue increase of 55.6% year-over-year.

Luminvest Wealth Management LLC acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,465 shares of the computer hardware maker's stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pachira Investments Inc. increased its stake in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after acquiring an additional 63 shares during the period. HFG Wealth Management LLC increased its stake in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after acquiring an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its stake in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after acquiring an additional 69 shares during the period. Burkett Financial Services LLC increased its stake in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after acquiring an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC increased its stake in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after acquiring an additional 70 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Cantor Fitzgerald set a $300.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday. Morgan Stanley upped their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Citigroup reaffirmed a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Finally, Truist Financial upped their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $212.84.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. This represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,925,379 shares of company stock valued at $694,277,421 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 4.9%

Shares of NVDA stock opened at $183.16 on Friday. The firm has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a PEG ratio of 1.39 and a beta of 2.12. 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's fifty day moving average price is $179.16 and its two-hundred day moving average price is $150.49. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 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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