Momentous Wealth Management Inc. Grows Position in NVIDIA Corporation $NVDA

Key Points

• Momentous Wealth Management Inc. increased its stake in NVIDIA Corporation by 38.5%, owning 11,776 shares valued at $1.276 million, making it the 15th largest position in their portfolio.
• NVIDIA's latest earnings report showed a 55.6% revenue increase compared to the same quarter last year, with earnings per share of $1.05, exceeding expectations.
• Recent analyst upgrades have resulted in price target increases, with the average target price for NVIDIA now at $207.69, reflecting strong buy ratings from multiple analysts.

Momentous Wealth Management Inc. increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,776 shares of the computer hardware maker's stock after acquiring an additional 3,274 shares during the period. NVIDIA makes up about 0.9% of Momentous Wealth Management Inc.'s portfolio, making the stock its 15th biggest holding. Momentous Wealth Management Inc.'s holdings in NVIDIA were worth $1,276,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% in 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 during the period. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 3.3%

NASDAQ NVDA opened at $174.18 on Monday. The business's fifty day simple moving average is $170.83 and its 200-day simple moving average is $139.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.23 trillion, a PE ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. Raymond James Financial raised their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Truist Financial increased their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Mizuho upped their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.69.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the sale, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,736,604 shares of company stock worth $878,806,839. Company insiders own 4.17% of the company's stock.

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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