Signature Wealth Management Partners LLC Purchases 4,206 Shares of NVIDIA Corporation $NVDA

Key Points

• Signature Wealth Management Partners LLC increased its stake in NVIDIA Corporation by 33.3%, acquiring an additional 4,206 shares, bringing its total to 16,845 shares valued at approximately $1.83 million.
• Insider selling includes CEO Jen Hsun Huang disposing of 75,000 shares worth $13.48 million, which slightly reduced his ownership stake in the company.
• NVIDIA's stock recently fell 3.3% and is currently trading at $174.18, with a market capitalization of $4.23 trillion and an average target price of $207.69 from analysts.

Signature Wealth Management Partners LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 33.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,845 shares of the computer hardware maker's stock after acquiring an additional 4,206 shares during the period. NVIDIA accounts for about 1.2% of Signature Wealth Management Partners LLC's investment portfolio, making the stock its 13th largest holding. Signature Wealth Management Partners LLC's holdings in NVIDIA were worth $1,826,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA in the fourth quarter worth about $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,801,604 shares of company stock valued at $747,046,639 in the last quarter. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 3.3%

NVIDIA stock opened at $174.18 on Tuesday. The firm has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10. The stock's fifty day simple moving average is $171.43 and its 200-day simple moving average is $139.35. 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 Corporation has a twelve month low of $86.62 and a twelve month high of $184.48.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI upped their target price on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. DA Davidson lifted their price objective on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Finally, Jefferies Financial Group lifted their price target on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.