San Luis Wealth Advisors LLC Has $19.11 Million Stock Holdings in NVIDIA Corporation $NVDA

San Luis Wealth Advisors LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,952 shares of the computer hardware maker's stock after purchasing an additional 14,989 shares during the quarter. NVIDIA accounts for about 4.1% of San Luis Wealth Advisors LLC's holdings, making the stock its 4th biggest holding. San Luis Wealth Advisors LLC's holdings in NVIDIA were worth $19,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Beacon Capital Management LLC lifted its position in NVIDIA by 2.4% during the second quarter. Beacon Capital Management LLC now owns 76,935 shares of the computer hardware maker's stock valued at $12,155,000 after purchasing an additional 1,797 shares during the last quarter. PMG Wealth Management Inc. raised its stake in shares of NVIDIA by 3.5% during the second quarter. PMG Wealth Management Inc. now owns 3,929 shares of the computer hardware maker's stock worth $621,000 after acquiring an additional 134 shares in the last quarter. Stone Summit Wealth LLC purchased a new position in shares of NVIDIA during the second quarter worth approximately $332,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of NVIDIA by 3.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 2,399,641 shares of the computer hardware maker's stock worth $379,119,000 after acquiring an additional 86,515 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its stake in shares of NVIDIA by 0.3% during the second quarter. Guyasuta Investment Advisors Inc. now owns 128,322 shares of the computer hardware maker's stock worth $20,274,000 after acquiring an additional 375 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing 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 on Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,925,379 shares of company stock worth $694,277,421. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Barclays reissued an "overweight" rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Needham & Company LLC reissued a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Finally, Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $212.84.

NVIDIA Stock Down 4.9%

Shares of NVIDIA stock opened at $183.16 on Friday. 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 company's fifty day simple moving average is $179.16 and its two-hundred day simple moving average is $150.75. The company has a market cap of $4.45 trillion, a P/E ratio of 52.18, a PEG 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders 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 dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

NVIDIA 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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