RKL Wealth Management LLC Sells 4,113 Shares of NVIDIA Corporation $NVDA

Key Points

• RKL Wealth Management LLC reduced its stake in NVIDIA Corporation (NVDA) by selling 4,113 shares, bringing its total ownership to 118,796 shares, which represents about 1.6% of its portfolio, valued at $18.77 million.
• Several institutional investors significantly increased their holdings in NVIDIA, with Kingstone Capital Partners boosting their position by a staggering 267,959.7% in the second quarter, now owning over 382 million shares worth approximately $65 billion.
• Analysts have raised their price targets for NVIDIA, with Craig Hallum setting a new target at $245, while the average target price across multiple analysts is $222.23, reinforcing a prevailing "Buy" sentiment.

RKL Wealth Management LLC cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,796 shares of the computer hardware maker's stock after selling 4,113 shares during the period. NVIDIA makes up about 1.6% of RKL Wealth Management LLC's portfolio, making the stock its 16th biggest holding. RKL Wealth Management LLC's holdings in NVIDIA were worth $18,769,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NVDA. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth $15,089,414,000. Finally, Amundi boosted its position in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $13,098,897,766. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,753,937 shares of company stock worth $667,769,026. Company insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Rosenblatt Securities reissued a "buy" rating and set a $215.00 target price on shares of NVIDIA in a report on Tuesday, September 23rd. Barclays restated an "overweight" rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Finally, Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Five investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Buy" and an average target price of $222.23.

NVIDIA Trading Up 0.8%

NASDAQ:NVDA opened at $183.22 on Friday. 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. The firm has a market cap of $4.45 trillion, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The stock has a fifty day moving average price of $179.40 and a 200 day moving average price of $153.27.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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