Spartan Planning & Wealth Management Grows Holdings in NVIDIA Corporation $NVDA

Key Points

• Spartan Planning & Wealth Management increased its holdings in NVIDIA Corporation by 80.3% during the second quarter, bringing their total shares to 47,995 valued at approximately $7.58 million.
• Institutional investors currently own 65.27% of NVIDIA's stock, with several firms making large increases to their positions, including a 5,900% boost by Campbell Capital Management.
• NVIDIA's stock has received positive feedback from analysts, with several firms raising their price targets, including Cantor Fitzgerald's new target of $300 and Jefferies' at $220.

Spartan Planning & Wealth Management lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 80.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 47,995 shares of the computer hardware maker's stock after purchasing an additional 21,376 shares during the period. NVIDIA comprises about 6.5% of Spartan Planning & Wealth Management's investment portfolio, making the stock its 3rd biggest position. Spartan Planning & Wealth Management's holdings in NVIDIA were worth $7,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 2nd quarter valued at $55,000. Finally, Campbell Capital Management Inc. boosted 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 valued at $65,000 after buying an additional 590 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 target price (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. New Street Research raised their target price on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Barclays reaffirmed an "overweight" rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Finally, Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $213.37.

Insider Transactions at NVIDIA

In other NVIDIA news, 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 transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at approximately $13,420,170,210.60. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,753,937 shares of company stock valued at $665,807,776. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 2.8%

Shares of NASDAQ NVDA opened at $188.32 on Tuesday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The stock has a market cap of $4.58 trillion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The firm has a 50-day moving average of $179.32 and a 200 day moving average of $151.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

NVIDIA Dividend Announcement

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

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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