WFA Asset Management Corp Boosts Holdings in NVIDIA Corporation $NVDA

WFA Asset Management Corp increased its position in NVIDIA Corporation (NASDAQ:NVDA) by 1,630.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,648 shares of the computer hardware maker’s stock after purchasing an additional 2,495 shares during the period. WFA Asset Management Corp’s holdings in NVIDIA were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Briaud Financial Planning Inc raised its holdings in NVIDIA by 16.4% in the second quarter. Briaud Financial Planning Inc now owns 9,685 shares of the computer hardware maker’s stock worth $1,530,000 after buying an additional 1,364 shares during the last quarter. Gill Capital Partners LLC increased its position in shares of NVIDIA by 1.7% during the second quarter. Gill Capital Partners LLC now owns 19,881 shares of the computer hardware maker’s stock valued at $3,141,000 after acquiring an additional 338 shares in the last quarter. FSA Investment Group LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $224,000. Gallagher Capital Advisors LLC lifted its position in NVIDIA by 19.1% in the 2nd quarter. Gallagher Capital Advisors LLC now owns 41,445 shares of the computer hardware maker’s stock valued at $6,548,000 after acquiring an additional 6,634 shares in the last quarter. Finally, Cadinha & Co. LLC boosted its stake in NVIDIA by 101.4% during the 2nd quarter. Cadinha & Co. LLC now owns 150,488 shares of the computer hardware maker’s stock valued at $23,776,000 after purchasing an additional 75,752 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NVDA shares. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price target on shares of NVIDIA in a report on Friday. BNP Paribas Exane boosted their target price on NVIDIA from $240.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday. S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a report on Wednesday, October 22nd. Wedbush reissued an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $240.00 price objective (up previously from $210.00) on shares of NVIDIA in a research report on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $240.49.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $181.36 on Wednesday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.41 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The firm’s 50 day moving average price is $186.18 and its 200-day moving average price is $167.35. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is 1.14%.

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.