WealthPLAN Partners LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,242 shares of the computer hardware maker's stock after purchasing an additional 13,995 shares during the quarter. NVIDIA makes up about 1.3% of WealthPLAN Partners LLC's investment portfolio, making the stock its 17th largest position. WealthPLAN Partners LLC's holdings in NVIDIA were worth $9,347,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter worth approximately $50,000. LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth approximately $54,000. Kathleen S. Wright Associates Inc. grew 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 worth $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC grew 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 worth $53,000 after acquiring an additional 327 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 stock has a fifty day simple moving average of $172.73 and a two-hundred day simple moving average of $140.21. The stock has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.
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 analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.
Insider Buying and Selling
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares in the company, valued at $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,872,755 shares of company stock valued at $764,283,330 over the last three months. 4.17% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, August 27th. DA Davidson increased their price objective on NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Finally, Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $207.69.
Get Our Latest Analysis on NVIDIA
About NVIDIA
(
Free Report)
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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