NVIDIA Corporation $NVDA Shares Sold by Wealthcare Capital Management LLC

Key Points

• Wealthcare Capital Management LLC reduced its stake in NVIDIA by 60.7% during the second quarter, resulting in ownership of 4,098 shares valued at $647,000.
• NVIDIA reported earnings of $1.05 per share for the last quarter, surpassing estimates, with total revenue reaching $46.74 billion, a 55.6% increase year-over-year.
• Several brokerages have upgraded NVIDIA's rating, with analysts projecting an average price target of $222.23 and noting strong institutional ownership at 65.27%.

Wealthcare Capital Management LLC lessened its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 60.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,098 shares of the computer hardware maker's stock after selling 6,329 shares during the quarter. Wealthcare Capital Management LLC's holdings in NVIDIA were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in 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 last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter worth $51,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the second quarter valued at $55,000. Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC increased its stake in NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.5%

NVIDIA stock opened at $180.28 on Thursday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market capitalization of $4.38 trillion, a PE ratio of 51.36, a PEG ratio of 1.31 and a beta of 2.12. The business's 50-day simple moving average is $179.34 and its 200-day simple moving average is $154.61.

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. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Sunday. BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. KeyCorp reiterated an "overweight" rating and set a $250.00 price target (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. JPMorgan Chase & Co. restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. Finally, Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and an average price target of $222.23.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock valued at $669,548,776 in the last 90 days. 4.17% of the stock is owned by company insiders.

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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