WealthPlan Investment Management LLC Acquires 28,049 Shares of NVIDIA Corporation $NVDA

WealthPlan Investment Management LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,091 shares of the computer hardware maker's stock after purchasing an additional 28,049 shares during the period. NVIDIA comprises approximately 1.2% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 21st biggest position. WealthPlan Investment Management LLC's holdings in NVIDIA were worth $11,932,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cresta Advisors Ltd. lifted its stake in shares of NVIDIA by 25.3% in the 1st quarter. Cresta Advisors Ltd. now owns 21,592 shares of the computer hardware maker's stock valued at $2,340,000 after acquiring an additional 4,359 shares during the last quarter. One Degree Advisors Inc bought a new position in shares of NVIDIA in the 1st quarter valued at $234,000. Red Crane Wealth Management LLC lifted its stake in shares of NVIDIA by 9.1% in the 1st quarter. Red Crane Wealth Management LLC now owns 2,398 shares of the computer hardware maker's stock valued at $260,000 after acquiring an additional 200 shares during the last quarter. Potentia Wealth lifted its stake in shares of NVIDIA by 9.7% in the 1st quarter. Potentia Wealth now owns 53,874 shares of the computer hardware maker's stock valued at $5,839,000 after acquiring an additional 4,760 shares during the last quarter. Finally, Ironwood Investment Counsel LLC lifted its stake in shares of NVIDIA by 7.7% in the 1st quarter. Ironwood Investment Counsel LLC now owns 37,631 shares of the computer hardware maker's stock valued at $4,078,000 after acquiring an additional 2,704 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 2.7%

Shares of NASDAQ:NVDA opened at $167.02 on Friday. The firm has a market cap of $4.06 trillion, a P/E ratio of 47.58, a P/E/G ratio of 1.21 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 12-month low of $86.62 and a 12-month high of $184.48. The business has a fifty day simple moving average of $172.73 and a 200 day simple moving average of $140.21.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 EPS. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share 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 issued 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the sale, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,872,755 shares of company stock valued at $764,283,330. Company insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Wolfe Research increased their price target on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Jefferies Financial Group increased their price target on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Arete Research raised NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

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.

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