Spectrum Planning & Advisory Services Inc. Has $687,000 Holdings in NVIDIA Corporation $NVDA

Key Points

• Spectrum Planning & Advisory Services Inc. increased its holdings in NVIDIA Corporation by 112.6% in the second quarter, now owning 4,347 shares worth approximately $687,000.
• Multiple hedge funds have also increased their stakes in NVIDIA, with notable growth figures including Kathleen S. Wright Associates Inc. increasing its stake by 169.3%.
• Several analysts have set new price targets for NVIDIA, with a consensus target of $211.00, reflecting strong confidence in the company's performance.

Spectrum Planning & Advisory Services Inc. grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 112.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,347 shares of the computer hardware maker's stock after buying an additional 2,302 shares during the period. Spectrum Planning & Advisory Services Inc.'s holdings in NVIDIA were worth $687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. grew its stake in 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 buying an additional 254 shares during the last quarter. Westend Capital Management LLC boosted its holdings in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after acquiring an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its position 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 valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its stake in shares of NVIDIA by 5,900.0% during the first 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 period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Craig Hallum upped their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Jefferies Financial Group reiterated a "buy" rating and issued a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $211.00.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,971,893 shares of company stock valued at $694,502,352 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $187.62 on Monday. The business has a 50 day moving average of $178.11 and a 200-day moving average of $148.57. The company has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. 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 posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. 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 is presently 1.14%.

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.