NVIDIA Corporation $NVDA Shares Purchased by McGlone Suttner Wealth Management Inc.

Key Points

• McGlone Suttner Wealth Management Inc. increased its stake in NVIDIA Corporation by 5.1%, holding a total of 33,041 shares valued at approximately $5.22 million.
• Analysts have maintained a positive outlook on NVIDIA, with multiple brokerages issuing "outperform" ratings and raising target prices, now averaging around $211.00.
• NVIDIA recently reported quarterly earnings that exceeded estimates, achieving $1.05 earnings per share against a consensus of $1.01 and a revenue growth of 55.6% year-over-year.

McGlone Suttner Wealth Management Inc. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,041 shares of the computer hardware maker's stock after purchasing an additional 1,603 shares during the quarter. NVIDIA makes up 0.8% of McGlone Suttner Wealth Management Inc.'s investment portfolio, making the stock its 18th biggest holding. McGlone Suttner Wealth Management Inc.'s holdings in NVIDIA were worth $5,220,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Pachira Investments Inc. boosted its position in shares of 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 during the period. HFG Wealth Management LLC boosted its position in shares of NVIDIA by 3.4% in the 2nd 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 period. Burkett Financial Services LLC boosted its position in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the period. Guided Capital Wealth Management LLC boosted its position in shares of NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after purchasing an additional 70 shares during the period. Finally, Luts & Greenleigh Group Inc. boosted its position in shares of NVIDIA by 0.4% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker's stock valued at $3,143,000 after purchasing an additional 76 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. Oppenheimer reissued an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho upped their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Daiwa Capital Markets upped their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Evercore ISI upped their price objective on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Stock Performance

NASDAQ NVDA opened at $186.44 on Wednesday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year 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. The business has a 50 day moving average price of $177.20 and a 200 day moving average price of $146.90. 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 released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction on Friday, September 19th. The shares were 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 in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,022,407 shares of company stock valued at $700,382,754 in the last ninety days. 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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