Pioneer Wealth Management Group Takes $818,000 Position in NVIDIA Corporation $NVDA

Key Points

• Pioneer Wealth Management Group has acquired 5,175 shares of NVIDIA Corporation, totaling approximately $818,000, making it the firm's 27th largest holding.
• Insider transactions revealed significant sales, including CFO Colette Kress and Director Mark A. Stevens, who sold shares valued at over $66 million combined.
• Analysts have set several new price targets for NVIDIA, with Goldman Sachs and Bank of America both rating the stock as a "buy"** and setting targets as high as **$235.00.

Pioneer Wealth Management Group acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,175 shares of the computer hardware maker's stock, valued at approximately $818,000. NVIDIA comprises approximately 0.3% of Pioneer Wealth Management Group's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. grew its holdings 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 valued at $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth $51,000. Bruce G. Allen Investments LLC grew its holdings 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 acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was a 1.05% 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 NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,176,470 shares of company stock worth $720,979,162. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Robert W. Baird raised their price target on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Truist Financial raised their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Bank of America raised their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.

NVIDIA Stock Up 0.3%

NVDA stock opened at $178.19 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The company has a market capitalization of $4.33 trillion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The firm's 50-day moving average is $176.60 and its two-hundred day moving average is $145.78. 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 released 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

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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