Spectrum Wealth Counsel LLC Has $9.13 Million Stock Holdings in NVIDIA Corporation $NVDA

Spectrum Wealth Counsel LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 84,240 shares of the computer hardware maker’s stock after buying an additional 619 shares during the quarter. Spectrum Wealth Counsel LLC’s holdings in NVIDIA were worth $9,130,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of 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 buying an additional 254 shares during the last quarter. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of 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 buying an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new position in NVIDIA during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Jefferies Financial Group raised their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. DA Davidson raised their price target on shares of NVIDIA from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 29th. Finally, Wells Fargo & Company raised their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $194.31.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This represents 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 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 1.0%

Shares of NVIDIA stock opened at $179.81 on Tuesday. The firm has a market capitalization of $4.39 trillion, a PE ratio of 58.00, a price-to-earnings-growth ratio of 1.56 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $168.05 and its 200 day moving average is $137.81. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 1.29%.

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.