NVIDIA Corporation $NVDA Stock Position Raised by Smith Salley Wealth Management

Key Points

• Smith Salley Wealth Management increased its position in NVIDIA Corporation by 21.2%, now holding 798,020 shares valued at approximately $126 million, making it the largest holding in their portfolio.
• Recent insider trading saw CEO Jen Hsun Huang sell 75,000 shares for over $14 million, while CFO Colette Kress sold 30,500 shares worth about $5.4 million.
• NVIDIA stock has experienced a 4.9% decline recently, with an opening price of $183.16 and a notable 52-week range between $86.62 and $195.62.

Smith Salley Wealth Management lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 798,020 shares of the computer hardware maker's stock after buying an additional 139,329 shares during the quarter. NVIDIA makes up 7.3% of Smith Salley Wealth Management's investment portfolio, making the stock its largest holding. Smith Salley Wealth Management's holdings in NVIDIA were worth $126,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during the 1st 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. Westend Capital Management LLC grew its stake in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,587 shares of company stock valued at $673,950,484 over the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 4.9%

NVIDIA stock opened at $183.16 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two 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 company has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. The stock has a 50-day simple moving average of $179.16 and a 200-day simple moving average of $151.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the business earned $0.68 EPS. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on NVDA. TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Needham & Company LLC reissued a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. New Street Research boosted their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Wedbush reissued an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group set a $210.00 price objective on NVIDIA and gave the stock a "buy" rating in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $212.84.

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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