Taylor & Morgan Wealth Management LLC Has $4.25 Million Stock Position in NVIDIA Corporation $NVDA

Taylor & Morgan Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,909 shares of the computer hardware maker’s stock after buying an additional 317 shares during the quarter. NVIDIA makes up about 2.9% of Taylor & Morgan Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Taylor & Morgan Wealth Management LLC’s holdings in NVIDIA were worth $4,251,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. TruWealth Advisors LLC raised its holdings in NVIDIA by 12.5% in the 2nd quarter. TruWealth Advisors LLC now owns 43,736 shares of the computer hardware maker’s stock worth $6,910,000 after purchasing an additional 4,846 shares in the last quarter. RB Capital Management LLC raised its holdings in NVIDIA by 2.7% in the 2nd quarter. RB Capital Management LLC now owns 111,571 shares of the computer hardware maker’s stock worth $17,627,000 after purchasing an additional 2,948 shares in the last quarter. Wilson & Boucher Capital Management LLC bought a new position in NVIDIA in the 2nd quarter worth $250,000. First Hawaiian Bank grew its position in shares of NVIDIA by 6.2% in the 2nd quarter. First Hawaiian Bank now owns 6,321 shares of the computer hardware maker’s stock worth $999,000 after buying an additional 370 shares during the period. Finally, Trinity Financial Advisors LLC grew its position in shares of NVIDIA by 84.8% in the 2nd quarter. Trinity Financial Advisors LLC now owns 47,014 shares of the computer hardware maker’s stock worth $7,428,000 after buying an additional 21,570 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $176.57, for a total value of $13,242,750.00. Following the completion of the sale, the chief executive officer owned 72,023,366 shares of the company’s stock, valued at $12,717,165,734.62. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,975,304 shares of company stock valued at $665,001,763 in the last three months. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 2.6%

NVDA stock opened at $170.29 on Thursday. The firm has a fifty day moving average price of $175.25 and a 200 day moving average price of $142.59. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. 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 firm has a market cap of $4.14 trillion, a PE ratio of 48.52, a price-to-earnings-growth ratio of 1.26 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the firm posted $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $240.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Raymond James Financial upped their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Arete Research raised shares of NVIDIA to a “strong-buy” rating in a research report on Wednesday, May 21st. Citigroup reduced their target price on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $215.00 target price on shares of NVIDIA in a research report on Thursday, September 4th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $208.47.

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.