PUREfi Wealth LLC Has $1.84 Million Holdings in NVIDIA Corporation $NVDA

PUREfi Wealth LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,641 shares of the computer hardware maker's stock after acquiring an additional 2,432 shares during the quarter. NVIDIA accounts for approximately 1.5% of PUREfi Wealth LLC's investment portfolio, making the stock its 10th largest holding. PUREfi Wealth LLC's holdings in NVIDIA were worth $1,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pachira Investments Inc. boosted its position in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. Warner Financial Inc. raised its stake in shares of NVIDIA by 2.3% during the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock worth $460,000 after buying an additional 66 shares during the period. HFG Wealth Management LLC raised its stake in shares of NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC raised its stake in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after buying an additional 69 shares during the period. Finally, Summit Financial Strategies Inc. raised its stake in shares of NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after buying an additional 69 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and upped their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Robert W. Baird upped their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Stock Up 2.3%

Shares of NVDA opened at $186.26 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The company has a market capitalization of $4.53 trillion, a PE ratio of 53.07, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The stock has a fifty day simple moving average of $179.46 and a two-hundred day simple moving average of $155.82. 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 (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 business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 (DPR) is 1.14%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the completion of the transaction, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the transaction, the chief executive officer owned 69,958,203 shares of the company's stock, valued at approximately $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock valued at $678,643,875 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

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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