Melone Private Wealth LLC Invests $243,000 in NVIDIA Corporation $NVDA

Melone Private Wealth LLC acquired a new position in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,541 shares of the computer hardware maker’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NVIDIA by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker’s stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in NVIDIA during the 1st quarter valued at $15,089,414,000. Finally, Amundi grew its holdings in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $176.67 on Friday. The stock has a 50-day simple moving average of $175.73 and a 200 day simple moving average of $143.62. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The stock has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.28 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 issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a report on Friday, August 1st. Robert W. Baird lifted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Loop Capital boosted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Truist Financial raised their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Wolfe Research boosted their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.47.

Insider Activity at NVIDIA

In other NVIDIA news, Director Stephen C. Neal sold 28,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director directly owned 143,410 shares in the company, valued at $25,466,747.80. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the transaction, the chief executive officer directly owned 71,683,203 shares of the company’s stock, valued at $12,646,350,673.26. This 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 valued at $677,418,500 in 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.