Significant Wealth Partners LLC Has $1.61 Million Position in NVIDIA Corporation $NVDA

Key Points

• Significant Wealth Partners LLC increased its holdings in NVIDIA Corporation by 30.6% in the second quarter, bringing its total position to $1.61 million.
• NVIDIA reported a quarterly earnings per share of $1.05, surpassing estimates, and its revenue increased 55.6% year-over-year to $46.74 billion.
• Several analysts have upgraded NVIDIA's stock, with target prices now reaching as high as $220.00, reflecting strong bullish sentiment in the market.

Significant Wealth Partners LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,167 shares of the computer hardware maker's stock after acquiring an additional 2,384 shares during the period. NVIDIA accounts for approximately 0.8% of Significant Wealth Partners LLC's investment portfolio, making the stock its 6th biggest position. Significant Wealth Partners LLC's holdings in NVIDIA were worth $1,606,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC raised its position in NVIDIA by 107.0% during the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after purchasing an additional 321 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVDA stock opened at $185.54 on Tuesday. The stock has a 50-day moving average price of $178.29 and a 200-day moving average price of $149.05. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05. 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 $4.51 trillion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 EPS. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Jefferies Financial Group reaffirmed a "buy" rating and set a $220.00 target price (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Morgan Stanley raised their target price on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Benchmark raised their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and raised their target price for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research report on Saturday, September 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.26.

Insider Transactions at NVIDIA

In other news, Director Persis Drell sold 40,000 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This trade represents a 22.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,921,593 shares of company stock valued at $686,502,137. 4.17% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

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.