21 West Wealth Management LLC Purchases New Shares in NVIDIA Corporation $NVDA

21 West Wealth Management LLC acquired a new position in NVIDIA Corporation (NASDAQ:NVDA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,961 shares of the computer hardware maker’s stock, valued at approximately $2,206,000. NVIDIA makes up 2.2% of 21 West Wealth Management LLC’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $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 valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings 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 purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and raised their target price for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Loop Capital boosted their target price on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. TD Cowen lifted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $215.00 price target on shares of NVIDIA in a research report on Friday. Finally, Wolfe Research boosted their target price on NVIDIA from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Four 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $208.47.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $176.67 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock’s fifty day moving average is $175.73 and its 200 day moving average is $143.44. The stock has a market cap of $4.29 trillion, a P/E ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 55.6% on a year-over-year basis. 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 year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,020,022 shares of company stock worth $677,418,500 over the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA 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.