Abacus Wealth Partners LLC Has $4.58 Million Position in NVIDIA Corporation $NVDA

Abacus Wealth Partners LLC trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,212 shares of the computer hardware maker’s stock after selling 2,877 shares during the quarter. NVIDIA makes up about 0.7% of Abacus Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Abacus Wealth Partners LLC’s holdings in NVIDIA were worth $4,575,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. boosted 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 acquiring an additional 254 shares in the last quarter. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC lifted its holdings in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NVDA shares. Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. Mizuho lifted their price objective on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. Phillip Securities upgraded shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Raymond James Financial raised their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Finally, Wells Fargo & Company raised their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.69.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock valued at $896,145,782 in the last ninety days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $174.18 on Friday. The company has a current ratio of 4.21, a quick ratio of 2.96 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $170.83 and its two-hundred day moving average price is $139.08. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The firm has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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