Thrive Wealth Management LLC Increases Stock Position in NVIDIA Corporation $NVDA

Key Points

• Thrive Wealth Management LLC increased its stake in NVIDIA Corporation by 11.9%, bringing its total holdings to 41,158 shares valued at approximately $6.5 million.
• Several hedge funds have made significant investments in NVIDIA in the second quarter, including Balefire LLC, which grew its position by 92.8% to own 53,063 shares worth $8.4 million.
• NVIDIA's stock has a consensus rating of "Moderate Buy" with a target price of $208.47, following multiple upgrades from research firms such as Morgan Stanley and Benchmark.

Thrive Wealth Management LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,158 shares of the computer hardware maker's stock after acquiring an additional 4,378 shares during the period. NVIDIA accounts for about 1.0% of Thrive Wealth Management LLC's holdings, making the stock its 15th biggest position. Thrive Wealth Management LLC's holdings in NVIDIA were worth $6,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Balefire LLC grew its position in NVIDIA by 92.8% during the 2nd quarter. Balefire LLC now owns 53,063 shares of the computer hardware maker's stock worth $8,383,000 after purchasing an additional 25,543 shares during the last quarter. Wolff Financial Management LLC purchased a new position in shares of NVIDIA in the 2nd quarter valued at approximately $201,000. Alesco Advisors LLC grew its position in NVIDIA by 9.9% in the 2nd quarter. Alesco Advisors LLC now owns 4,348 shares of the computer hardware maker's stock valued at $687,000 after buying an additional 393 shares during the last quarter. Burt Wealth Advisors purchased a new position in NVIDIA in the 2nd quarter valued at $247,000. Finally, New England Research & Management Inc. grew its position in NVIDIA by 17.2% in the 2nd quarter. New England Research & Management Inc. now owns 7,253 shares of the computer hardware maker's stock valued at $1,146,000 after buying an additional 1,065 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVDA. JPMorgan Chase & Co. reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday. Benchmark lifted their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Morgan Stanley lifted their price objective on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Loop Capital lifted their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $208.47.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,109,874 shares of company stock valued at $698,280,697. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $183.61 on Tuesday. 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 company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The company's 50 day simple moving average is $176.12 and its 200 day simple moving average is $144.35. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is currently 1.14%.

NVIDIA 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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