NVIDIA Corporation $NVDA Shares Bought by Strategic Planning Group LLC

Key Points

• Strategic Planning Group LLC increased its stake in NVIDIA Corporation by 17.9%, now owning 196,025 shares valued at approximately $30.97 million, making it the largest component of their portfolio.
• NVIDIA reported earnings of $1.05 per share for the last quarter, surpassing analyst estimates, with a total revenue of $46.74 billion, indicating a year-over-year revenue growth of 55.6%.
• The company recently announced a quarterly dividend of $0.01, with an annualized yield of 0.0%, amidst continued robust performance and investor interest.

Strategic Planning Group LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,025 shares of the computer hardware maker's stock after buying an additional 29,693 shares during the period. NVIDIA accounts for 5.0% of Strategic Planning Group LLC's holdings, making the stock its biggest position. Strategic Planning Group LLC's holdings in NVIDIA were worth $30,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at $50,000. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Westend Capital Management LLC boosted its position in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after acquiring an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA stock opened at $186.44 on Wednesday. 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 company has a 50-day simple moving average of $177.20 and a 200 day simple moving average of $146.90. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $187.35. The company has a market capitalization of $4.53 trillion, a P/E ratio of 53.12, a PEG ratio of 1.32 and a beta of 2.10.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid 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%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the sale, the chief executive officer owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,022,407 shares of company stock worth $700,382,754 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NVDA. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and upped their price target for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. TD Cowen upped their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, Craig Hallum increased their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $211.00.

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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