NVIDIA Corporation $NVDA Shares Purchased by Opes Wealth Management LLC

Opes Wealth Management LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 32,363 shares of the computer hardware maker's stock after purchasing an additional 1,579 shares during the quarter. Opes Wealth Management LLC's holdings in NVIDIA were worth $3,507,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the 4th quarter valued at $54,000. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the 1st 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. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This represents a 3.61% 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, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the transaction, the director directly owned 9,214,697 shares in the company, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA opened at $174.98 on Friday. The stock has a fifty day moving average of $166.63 and a 200-day moving average of $136.90. The firm has a market capitalization of $4.27 trillion, a P/E ratio of 56.45, a PEG ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. KeyCorp lifted their price target on NVIDIA from $190.00 to $215.00 and gave the company an "overweight" rating in a research report on Wednesday. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. DA Davidson raised their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. UBS Group raised their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, The Goldman Sachs Group assumed coverage on NVIDIA in a research note on Thursday, July 10th. They set a "buy" rating and a $185.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $191.78.

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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