Corepath Wealth Partners LLC Lowers Position in NVIDIA Corporation $NVDA

Corepath Wealth Partners LLC lessened its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 9.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,660 shares of the computer hardware maker’s stock after selling 383 shares during the period. NVIDIA accounts for approximately 0.5% of Corepath Wealth Partners LLC’s portfolio, making the stock its 19th largest holding. Corepath Wealth Partners LLC’s holdings in NVIDIA were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter valued at about $50,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter valued at about $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 297,797 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NVDA shares. Jefferies Financial Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, September 12th. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Evercore ISI raised their price objective on NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, August 22nd. Rosenblatt Securities raised their price objective on NVIDIA from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.47.

NVIDIA Stock Performance

Shares of NVDA opened at $176.67 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a 50-day simple moving average of $175.73 and a two-hundred day simple moving average of $143.62. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business’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. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.

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.