SOA Wealth Advisors LLC. Sells 3,613 Shares of NVIDIA Corporation $NVDA

Key Points

• SOA Wealth Advisors LLC reduced its NVIDIA stock holdings by 2.3%, selling 3,613 shares and now owns 156,178 shares, worth approximately $24.68 million.
• Several analysts have raised their target prices for NVIDIA, with Loop Capital increasing it from $175 to $250, indicating strong buy sentiment as 39 analysts rate it as Buy.
• NVIDIA reported a 55.6% year-over-year revenue increase, reaching $46.74 billion for the quarter, exceeding analyst expectations by $1.09 billion.

SOA Wealth Advisors LLC. lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,178 shares of the computer hardware maker's stock after selling 3,613 shares during the period. NVIDIA makes up 2.7% of SOA Wealth Advisors LLC.'s portfolio, making the stock its 8th biggest position. SOA Wealth Advisors LLC.'s holdings in NVIDIA were worth $24,675,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Miller Wealth Advisors LLC increased its holdings in shares of NVIDIA by 4.3% in the 2nd quarter. Miller Wealth Advisors LLC now owns 64,116 shares of the computer hardware maker's stock worth $10,130,000 after acquiring an additional 2,658 shares during the period. Parkwoods Wealth Partners LLC acquired a new stake in shares of NVIDIA in the 2nd quarter worth about $488,000. Dogwood Wealth Management LLC increased its holdings in shares of NVIDIA by 22.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 18,845 shares of the computer hardware maker's stock worth $3,015,000 after acquiring an additional 3,446 shares during the period. Client 1ST Advisory Group LLC increased its holdings in shares of NVIDIA by 301.9% in the 2nd quarter. Client 1ST Advisory Group LLC now owns 32,900 shares of the computer hardware maker's stock worth $5,198,000 after acquiring an additional 24,714 shares during the period. Finally, Vigilare Wealth Management increased its stake in NVIDIA by 92.8% during the 2nd quarter. Vigilare Wealth Management now owns 18,943 shares of the computer hardware maker's stock valued at $2,993,000 after buying an additional 9,117 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Loop Capital raised their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Stifel Nicolaus raised their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. Bank of America raised their target price on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $222.23.

NVIDIA Stock Performance

NVDA stock opened at $183.22 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.31 and a beta of 2.12. The firm has a 50 day simple moving average of $179.40 and a 200 day simple moving average of $152.97. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Research 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 issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the transaction, the chief executive officer owned 70,333,203 shares of the company's stock, valued at approximately $12,731,013,075.03. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,753,937 shares of company stock worth $667,769,026 in the last ninety days. Company insiders own 4.17% of the company's stock.

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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