Nova Wealth Management Inc. Acquires 2,321 Shares of NVIDIA Corporation $NVDA

Key Points

• Nova Wealth Management Inc. increased its stake in NVIDIA Corporation by 9.7%, acquiring 2,321 additional shares, bringing its total holdings to 26,345 shares valued at approximately $2.86 million.
• NVIDIA reported a quarterly earnings per share (EPS) of $1.05, beating analysts' estimates, with a net margin of 52.41% and revenue of $46.74 billion, up 55.6% year-over-year.
• Several analysts have raised their price targets for NVIDIA stock, with an average target price now at $207.83, reflecting a strong market outlook for the company.

Nova Wealth Management Inc. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,345 shares of the computer hardware maker's stock after acquiring an additional 2,321 shares during the quarter. NVIDIA makes up approximately 2.5% of Nova Wealth Management Inc.'s holdings, making the stock its 5th biggest holding. Nova Wealth Management Inc.'s holdings in NVIDIA were worth $2,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE increased its stake in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC increased its stake in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in NVIDIA by 1.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after buying an additional 13,700 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Up 0.4%

NVDA stock opened at $177.82 on Monday. The company's 50 day simple moving average is $174.42 and its 200-day simple moving average is $141.80. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The firm has a market capitalization of $4.32 trillion, a P/E ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm posted $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. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently 1.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the company from $195.00 to $210.00 in a report on Thursday. Stifel Nicolaus boosted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Finally, Citigroup dropped their price target on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $207.83.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the sale, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. Corporate 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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