NVIDIA Corporation $NVDA Shares Sold by Kerntke Otto McGlone Wealth Management Group

Key Points

• Kerntke Otto McGlone Wealth Management Group significantly reduced its holdings in NVIDIA Corporation by 82.8%, now owning 4,316 shares valued at $682,000 after selling 20,776 shares.
• NVIDIA reported $1.05 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.01, with revenues reaching $46.74 billion, a 55.6% year-over-year increase.
• Multiple analysts have given NVIDIA a consensus target price of $211.26, with several ratings reflecting a strong buy sentiment among equities analysts.

Kerntke Otto McGlone Wealth Management Group lowered its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 82.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,316 shares of the computer hardware maker's stock after selling 20,776 shares during the period. Kerntke Otto McGlone Wealth Management Group's holdings in NVIDIA were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bright Financial Advisors Inc. boosted its holdings in shares of NVIDIA by 0.3% during the second quarter. Bright Financial Advisors Inc. now owns 22,443 shares of the computer hardware maker's stock valued at $3,546,000 after acquiring an additional 70 shares during the period. AAFMAA Wealth Management & Trust LLC lifted its holdings in NVIDIA by 5.5% in the second quarter. AAFMAA Wealth Management & Trust LLC now owns 38,257 shares of the computer hardware maker's stock worth $6,044,000 after purchasing an additional 1,983 shares during the period. Register Financial Advisors LLC raised its position in NVIDIA by 43.1% in the second quarter. Register Financial Advisors LLC now owns 20,019 shares of the computer hardware maker's stock worth $3,163,000 after acquiring an additional 6,032 shares in the last quarter. Wealth Group Ltd. raised its holdings in NVIDIA by 6.0% during the 2nd quarter. Wealth Group Ltd. now owns 6,994 shares of the computer hardware maker's stock worth $1,105,000 after buying an additional 396 shares during the period. Finally, Dakota Wealth Management raised its holdings in NVIDIA by 15.8% during the 2nd quarter. Dakota Wealth Management now owns 420,839 shares of the computer hardware maker's stock worth $66,489,000 after buying an additional 57,294 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $185.04 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. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 52.72, a PEG ratio of 1.34 and a beta of 2.12. The stock has a 50-day moving average price of $178.48 and a 200 day moving average price of $149.30.

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 (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 analysts' expectations of $45.65 billion. During the same quarter last year, the business earned $0.68 earnings per share. The company's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued 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 was Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Insider Activity

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction that occurred 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 transaction, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction 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 business's stock in a transaction that occurred 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 transaction, the director directly owned 7,399,803 shares in the company, valued at $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 have sold 3,947,622 shares of company stock worth $694,333,235 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NVDA shares. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Mizuho upped their target price on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Robert W. Baird increased their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $211.26.

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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