Lineweaver Wealth Advisors LLC Sells 2,095 Shares of NVIDIA Corporation $NVDA

Lineweaver Wealth Advisors LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,039 shares of the computer hardware maker’s stock after selling 2,095 shares during the period. NVIDIA accounts for approximately 1.5% of Lineweaver Wealth Advisors LLC’s holdings, making the stock its 16th biggest position. Lineweaver Wealth Advisors LLC’s holdings in NVIDIA were worth $9,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Central Valley Advisors LLC boosted its holdings in shares of NVIDIA by 46.5% during the 2nd quarter. Central Valley Advisors LLC now owns 37,572 shares of the computer hardware maker’s stock valued at $5,936,000 after buying an additional 11,929 shares in the last quarter. Defined Wealth Management LLC boosted its holdings in shares of NVIDIA by 11.4% during the 2nd quarter. Defined Wealth Management LLC now owns 3,244 shares of the computer hardware maker’s stock valued at $513,000 after buying an additional 332 shares in the last quarter. Channel Wealth LLC boosted its holdings in shares of NVIDIA by 3.3% during the 2nd quarter. Channel Wealth LLC now owns 69,017 shares of the computer hardware maker’s stock valued at $10,904,000 after buying an additional 2,201 shares in the last quarter. DLK Investment Management LLC boosted its holdings in shares of NVIDIA by 23.1% during the 2nd quarter. DLK Investment Management LLC now owns 9,360 shares of the computer hardware maker’s stock valued at $1,479,000 after buying an additional 1,759 shares in the last quarter. Finally, Sunpointe LLC boosted its holdings in shares of NVIDIA by 17.4% during the 2nd quarter. Sunpointe LLC now owns 111,289 shares of the computer hardware maker’s stock valued at $17,584,000 after buying an additional 16,473 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 2.8%

NVIDIA stock opened at $178.43 on Wednesday. The firm has a 50 day moving average of $176.28 and a 200 day moving average of $144.59. The firm has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 50.83, a P/E/G ratio of 1.33 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.55. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last released its 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. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a $0.01 dividend. 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 is currently 1.14%.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Persis Drell sold 40,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the sale, the director directly owned 138,740 shares of the company’s stock, valued at approximately $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,203,905 shares of company stock worth $722,009,402 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NVDA shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Mizuho upped their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.76.

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.