Philip James Wealth Mangement LLC Has $1.82 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Philip James Wealth Management LLC reduced its holdings in NVIDIA Corporation by 16.8% in the second quarter, now owning 11,488 shares valued at approximately $1.82 million.
• NVIDIA reported earnings of $1.05 per share for the last quarter, exceeding analysts’ expectations, with revenue of $46.74 billion, up 55.6% year-over-year.
• The stock has received multiple buy ratings from analysts, with price targets ranging from $210 to $320, indicating strong investor confidence.

Philip James Wealth Mangement LLC lowered its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,488 shares of the computer hardware maker's stock after selling 2,317 shares during the period. Philip James Wealth Mangement LLC's holdings in NVIDIA were worth $1,815,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during 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 during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its stake 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 worth $53,000 after purchasing an additional 327 shares during the period. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $183.22 on Friday. The business's fifty day simple moving average is $179.40 and its 200 day simple moving average is $153.27. The firm has a market capitalization of $4.45 trillion, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business 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%.NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the sale, the chief executive officer directly owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 3,753,937 shares of company stock worth $667,769,026 in the last 90 days. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent research reports. The Goldman Sachs Group set a $210.00 price target on NVIDIA and gave the stock a "buy" rating in a report on Monday, October 6th. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. UBS Group set a $320.00 price target on NVIDIA in a report on Wednesday. Finally, HSBC set a $320.00 price target on NVIDIA and gave the stock a "buy" rating in a report on Wednesday. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $222.23.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.