Geneos Wealth Management Inc. Has $22.27 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Geneos Wealth Management Inc. reduced its stake in NVIDIA Corporation by 7.8%, selling 17,497 shares and ending the quarter with a total of 205,445 shares valued at approximately $22.27 million.
• NVIDIA's shares are currently trading down 3.3% at $174.18, with a year-to-date high of $184.48, showcasing significant trading activity with over 240 million shares exchanged.
• Insiders, including CFO Colette Kress and CEO Jen Hsun Huang, have sold substantial amounts of stock recently, indicating a slight decrease in their ownership while the company continues to attract analysts with strong buy ratings and raised price targets.

Geneos Wealth Management Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,445 shares of the computer hardware maker's stock after selling 17,497 shares during the period. Geneos Wealth Management Inc.'s holdings in NVIDIA were worth $22,266,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its holdings 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 valued at $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in NVIDIA during the fourth quarter valued at about $54,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. 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, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock worth $896,145,782 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded down $5.99 during mid-day trading on Friday, hitting $174.18. 242,604,296 shares of the stock were exchanged, compared to its average volume of 168,293,824. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. The stock's fifty day simple moving average is $170.83 and its two-hundred day simple moving average is $139.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 company's revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, 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 will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. Wedbush restated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday. Morgan Stanley upped their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday. Barclays upped their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Finally, KeyCorp reissued an "overweight" rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $207.69.

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.