Selective Wealth Management Inc. Buys 2,926 Shares of NVIDIA Corporation $NVDA

Key Points

• Selective Wealth Management Inc. increased its stake in NVIDIA Corporation by 35.0%, acquiring an additional 2,926 shares, bringing its total holdings to 11,288 shares valued at approximately $1.84 million.
• NVIDIA reported strong quarterly earnings of $1.05 per share, surpassing estimates, with a revenue of $46.74 billion—up 55.6% year-over-year.
• Several analysts set new price targets for NVIDIA shares, with Piper Sandler advocating a target of $225.00 and Needham maintaining a price target of $200.00, reflecting overall positive outlooks on the stock.

Selective Wealth Management Inc. increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 35.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,288 shares of the computer hardware maker's stock after acquiring an additional 2,926 shares during the quarter. NVIDIA accounts for approximately 0.7% of Selective Wealth Management Inc.'s portfolio, making the stock its 21st largest position. Selective Wealth Management Inc.'s holdings in NVIDIA were worth $1,839,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its stake in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group boosted its holdings in NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after acquiring an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its holdings in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after acquiring an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc boosted its holdings in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after acquiring an additional 1,265 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.3%

Shares of NVIDIA 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 stock's 50-day simple moving average is $176.60 and its 200 day simple moving average is $145.78. The stock has a market capitalization of $4.33 trillion, a P/E ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NVDA shares. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Finally, TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $209.82.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated 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 sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the company'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 completion of the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,176,470 shares of company stock valued at $720,979,162. 4.17% of the stock is currently owned by insiders.

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.

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