Wealthspire Advisors LLC Buys 20,930 Shares of NVIDIA Corporation $NVDA

Key Points

• Wealthspire Advisors LLC increased its stake in NVIDIA by 12% in the first quarter, acquiring an additional 20,930 shares to bring total holdings to 195,826 shares, valued at approximately $21.2 million.
• Several Wall Street analysts have raised their price targets for NVIDIA, with Truist Financial increasing it from $210 to $228 and Citigroup setting a new target of $210 after restating a "buy" rating.
• CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock for over $12.7 million, indicating significant insider activity amidst broader market interest.

Wealthspire Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,826 shares of the computer hardware maker's stock after purchasing an additional 20,930 shares during the period. Wealthspire Advisors LLC's holdings in NVIDIA were worth $21,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. High Note Wealth LLC lifted its holdings in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares in the last quarter. Kelly Financial Services LLC boosted its holdings in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares during the last quarter. Next Capital Management LLC boosted its holdings in NVIDIA by 0.8% during the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after purchasing an additional 94 shares during the last quarter. Mendel Capital Management LLC boosted its holdings in NVIDIA by 0.8% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after purchasing an additional 96 shares during the last quarter. Finally, Affiance Financial LLC boosted its holdings in NVIDIA by 0.7% during the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock worth $1,479,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVDA. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Citigroup restated a "buy" rating and set a $210.00 price target (up from $190.00) on shares of NVIDIA in a report on Thursday, August 28th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the sale, the chief executive officer directly owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction that occurred on 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 owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% 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 worth $764,283,330 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $171.66 on Friday. The stock has a market capitalization of $4.17 trillion, a P/E ratio of 48.91, a PEG ratio of 1.24 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm's 50 day moving average is $172.55 and its 200 day moving average is $140.01. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company 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%. NVIDIA's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate 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. Investors 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 is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

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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