Spartan Planning & Wealth Management Buys 19,532 Shares of NVIDIA Corporation $NVDA

Key Points

• Spartan Planning & Wealth Management increased its NVIDIA stake by 67.3% in the second quarter, purchasing 19,532 shares and bringing its total holdings to 48,552 shares valued at approximately $9.7 million.
• Analyst sentiment remains strongly bullish: NVIDIA has a consensus “Buy” rating and an average price target of $324.34, while recent forecasts were raised as the company reported quarterly revenue of $96.22 billion, up 105.9% year over year.
• Insider selling is a notable risk: Company insiders sold 2.59 million shares worth roughly $571 million over the past 90 days, even as NVIDIA maintains strong profitability, a $80 billion share-repurchase authorization and a quarterly dividend.

Spartan Planning & Wealth Management grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 67.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,552 shares of the computer hardware maker's stock after purchasing an additional 19,532 shares during the period. NVIDIA comprises about 6.5% of Spartan Planning & Wealth Management's holdings, making the stock its 5th biggest holding. Spartan Planning & Wealth Management's holdings in NVIDIA were worth $9,715,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new position in NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its stake in NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. acquired a new stake in NVIDIA during the 1st quarter valued at $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA in the second quarter valued at $40,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Piper Sandler initiated coverage on NVIDIA in a report on Wednesday. They issued an "overweight" rating and a $300.00 target price on the stock. President Capital raised their price target on shares of NVIDIA from $295.00 to $330.00 in a report on Thursday, August 27th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $400.00 price objective (up from $315.00) on shares of NVIDIA in a research report on Thursday, August 27th. Evercore set a $465.00 price objective on shares of NVIDIA and gave the company an "outperform" rating in a research note on Thursday, August 27th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $390.00 target price on shares of NVIDIA in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, fifty have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus target price of $324.34.

Insiders Place Their Bets

In other news, Director Mark Stevens sold 885,000 shares of NVIDIA stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Teter sold 30,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the sale, the executive vice president owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. This represents a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,585,740 shares of company stock valued at $571,015,527. Corporate insiders own 3.94% of the company's stock.

NVIDIA Trading Down 0.0%

Shares of NASDAQ:NVDA opened at $218.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.85 and a current ratio of 4.59. The stock's 50-day moving average is $213.29 and its 200-day moving average is $203.33. The company has a market cap of $5.26 trillion, a P/E ratio of 27.60, a P/E/G ratio of 1.71 and a beta of 2.22. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company's quarterly revenue was up 105.9% compared to the same quarter last year. Equities research analysts predict that NVIDIA Corporation will post 9.12 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. NVIDIA's payout ratio is currently 12.64%.

NVIDIA declared that its board has initiated a stock repurchase plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

NVIDIA News Summary

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Analyst upgrade and growth outlook: Piper Sandler upgraded NVIDIA to “strong buy,” while CEO Jensen Huang reiterated expectations for roughly 70% revenue growth next year and a potential $3 trillion–$4 trillion AI market by 2030. Erste Group also raised its FY2027 EPS estimate to $9.23 from $9.00. NVIDIA analyst upgrade Jensen Huang growth outlook
• Positive Sentiment: Evidence of sustained chip demand: TSMC reported August revenue growth of 53.3% year over year, signaling continued orders for AI accelerators and advanced packaging. The data supports NVIDIA’s view that hyperscaler and enterprise AI infrastructure spending remains strong. TSMC August revenue
• Positive Sentiment: Infrastructure expansion and partnerships: NVIDIA is working with Australian cloud and data-center companies on up to 2 gigawatts of AI-factory capacity by 2027. Its collaborations with Palantir on sovereign AI supply chains and d-Matrix on chip-linking technology further expand the CUDA-based ecosystem and potential future demand. NVIDIA Australia AI infrastructure d-Matrix partnership
• Neutral Sentiment: Valuation remains the central debate: Investors are weighing NVIDIA’s exceptional growth, profitability and AI leadership against a very high market capitalization and the possibility that optimistic forecasts are already reflected in the stock. Analysts continue to compare NVIDIA with Broadcom and AMD as custom silicon competition develops. NVIDIA valuation debate
• Negative Sentiment: Regulatory and sentiment risks: The Justice Department is reportedly examining NVIDIA’s licensing arrangement with Groq for possible antitrust concerns. In addition, insiders have reported substantial selling with no purchases in the past six months, while higher oil prices and Treasury yields have pressured high-growth technology shares. DOJ Groq investigation NVIDIA insider sales

NVIDIA Company Profile

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company's offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

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