MinichMacGregor Wealth Management LLC Sells 9,144 Shares of NVIDIA Corporation $NVDA

Key Points

• MinichMacGregor Wealth Management LLC reduced its stake in NVIDIA Corporation by 10.0% during the 2nd quarter, selling 9,144 shares and now owning 82,227 shares valued at approximately $13.13 million.
• NVIDIA Corporation reported a revenue of $46.74 billion for the most recent quarter, outperforming expectations and showing a 55.6% increase year-over-year.
• Several analysts have upgraded NVIDIA's stock price targets, with Loop Capital raising its target to $250.00 and Evercore ISI increasing it to $225.00, reflecting strong confidence in the company's future performance.

MinichMacGregor Wealth Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,227 shares of the computer hardware maker's stock after selling 9,144 shares during the period. NVIDIA accounts for approximately 2.8% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 10th biggest holding. MinichMacGregor Wealth Management LLC's holdings in NVIDIA were worth $13,133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. lifted its position 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 worth $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC lifted its position 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 purchasing an additional 327 shares during the period. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the 2nd quarter valued at about $55,000. Finally, Campbell Capital Management Inc. lifted its position 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 purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $192.57 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.30. 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 fifty day simple moving average of $178.97 and a 200 day simple moving average of $150.06. The stock has a market capitalization of $4.68 trillion, a PE ratio of 54.86, a P/E/G ratio of 1.37 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the business earned $0.68 earnings per share. The firm's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Loop Capital upped their target price 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. Evercore ISI upped their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research report on Thursday. Bank of America upped their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $212.84.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction 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 approximately $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00. Following the completion of the transaction, the chief executive officer directly owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,775,379 shares of company stock valued at $665,883,171 in the last three months. Insiders own 4.17% of the company's stock.

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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