Yoder Wealth Management Inc. Has $1.50 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Yoder Wealth Management Inc. increased its holdings in NVIDIA Corporation by 18.7%, owning 9,484 shares worth approximately $1.50 million as of the latest SEC filing.
• Institutional investors collectively own 65.27% of NVIDIA’s stock, with notable increases from firms like Kingstone Capital Partners and Goldman Sachs.
• NVIDIA's recent earnings report showed a 55.6% year-over-year revenue increase and an earnings per share of $1.05, surpassing analysts' expectations.

Yoder Wealth Management Inc. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,484 shares of the computer hardware maker's stock after acquiring an additional 1,496 shares during the quarter. Yoder Wealth Management Inc.'s holdings in NVIDIA were worth $1,498,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its position in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after buying an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. increased its position in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in NVIDIA in the 1st quarter worth approximately $15,089,414,000. Finally, Amundi increased its position in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,753,937 shares of company stock worth $669,548,776. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Cantor Fitzgerald set a $300.00 price target on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Mizuho lifted their price objective on NVIDIA from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 13th. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. KeyCorp reissued an "overweight" rating and set a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $222.23.

NVIDIA Price Performance

NVIDIA stock opened at $181.16 on Wednesday. The firm has a market cap of $4.40 trillion, a P/E ratio of 51.61, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. 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 business's fifty day moving average is $179.37 and its two-hundred day moving average is $154.43.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.