NVIDIA Corporation $NVDA Holdings Lifted by Palacios Wealth Management LLC

Key Points

• Palacios Wealth Management LLC increased its holdings in NVIDIA by 4.3%, making the stock its largest position, with 228,298 shares valued at approximately $36 million.
• The CEO of NVIDIA, Jen Hsun Huang, and Director Mark A. Stevens sold significant amounts of stock, with Huang selling 75,000 shares for $12.45 million and Stevens selling 350,000 shares for $61.74 million.
• Several analysts have raised their price targets for NVIDIA, with Bank of America now setting a target of $235, reflecting strong confidence in the company's future performance.

Palacios Wealth Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 228,298 shares of the computer hardware maker's stock after purchasing an additional 9,474 shares during the quarter. NVIDIA makes up about 29.6% of Palacios Wealth Management LLC's holdings, making the stock its biggest position. Palacios Wealth Management LLC's holdings in NVIDIA were worth $36,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the period. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $166.00, for a total transaction of $12,450,000.00. Following the sale, the chief executive officer owned 74,723,225 shares of the company's stock, valued at $12,404,055,350. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,148,818 shares of company stock valued at $720,112,070. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. Benchmark boosted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Bank of America upped their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Citigroup dropped their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, September 8th. KeyCorp reaffirmed an "overweight" rating and issued a $230.00 target price (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $210.21.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $181.85 on Tuesday. The firm has a 50 day moving average of $176.81 and a 200 day moving average of $146.62. 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 $4.42 trillion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55.

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 (EPS) for the quarter, beating 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%. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

NVIDIA Company 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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