NVIDIA Corporation $NVDA is Simplicity Wealth LLC's 8th Largest Position

Key Points

• Simplicity Wealth LLC significantly increased its stake in NVIDIA Corporation by 68.8%, making it the 8th largest holding in their investment portfolio, valued at approximately $50.6 million.
• Multiple analysts have revised their price targets for NVIDIA, with consensus estimates moving to an average target of $222.23, and reports indicating strong "buy" ratings.
• Insider trading activity included substantial sales, with directors selling shares worth a combined total of over $105 million, reflecting a decrease in their ownership positions.

Simplicity Wealth LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 68.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,488 shares of the computer hardware maker's stock after buying an additional 130,672 shares during the quarter. NVIDIA comprises 2.1% of Simplicity Wealth LLC's investment portfolio, making the stock its 8th biggest holding. Simplicity Wealth LLC's holdings in NVIDIA were worth $50,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pachira Investments Inc. increased its stake in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after purchasing an additional 63 shares in the last quarter. Warner Financial Inc. grew its holdings in NVIDIA by 2.3% in the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock valued at $460,000 after purchasing an additional 66 shares during the last quarter. HFG Wealth Management LLC grew its holdings 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 purchasing an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC increased its position in shares of 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 buying an additional 69 shares in the last quarter. Finally, Summit Financial Strategies Inc. boosted its position in shares of NVIDIA by 0.6% in the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. New Street Research raised their target price on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, October 9th. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and increased their target price for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Finally, Citigroup reissued a "buy" rating and set a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $222.23.

NVIDIA Stock Performance

NVIDIA stock opened at $182.16 on Friday. The stock has a fifty day moving average price of $179.35 and a 200 day moving average price of $155.20. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The firm has a market capitalization of $4.43 trillion, a P/E ratio of 51.90, a PEG ratio of 1.30 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.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given 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 yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale 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 stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,577 shares of company stock valued at $678,643,875 over the last quarter. Company insiders own 4.17% of the company's stock.

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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