Triangle Securities Wealth Management Has $3 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Triangle Securities Wealth Management increased its holdings in NVIDIA Corporation by 9.7%, bringing their total investment to approximately $3 million.
• NVIDIA's stock price is currently $178.19, with analysts generally optimistic and a consensus price target of $209.82.
• Insider trading activity included significant sales by Director Harvey C. Jones and CFO Colette Kress, with insiders selling a total of 4.17 million shares valued at around $720 million in the last quarter.

Triangle Securities Wealth Management increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,005 shares of the computer hardware maker's stock after buying an additional 1,677 shares during the quarter. Triangle Securities Wealth Management's holdings in NVIDIA were worth $3,003,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in shares of NVIDIA by 1.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after buying an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVDA. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Tuesday. Daiwa Capital Markets increased their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Finally, Morgan Stanley increased their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $209.82.

NVIDIA Stock Up 0.3%

NVIDIA stock opened at $178.19 on Friday. The stock has a market cap of $4.33 trillion, a P/E ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55. The company's 50-day moving average price is $176.60 and its two-hundred day moving average price is $145.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for 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 business's revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect 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. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Insider Buying and Selling

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction that occurred on 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 owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,176,470 shares of company stock valued at $720,979,162 in the last quarter. Corporate insiders own 4.17% of the company's stock.

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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