Meriwether Wealth & Planning LLC Has $1.22 Million Stock Position in NVIDIA Corporation $NVDA

Meriwether Wealth & Planning LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,721 shares of the computer hardware maker’s stock after buying an additional 145 shares during the period. NVIDIA makes up approximately 0.8% of Meriwether Wealth & Planning LLC’s investment portfolio, making the stock its 24th largest position. Meriwether Wealth & Planning LLC’s holdings in NVIDIA were worth $1,220,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the first 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 during the last quarter. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 40,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the transaction, the director owned 138,740 shares of the company’s stock, valued at $24,647,161. This trade represents a 22.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,050,558 shares of company stock worth $701,164,609 in the last three months. 4.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. The Goldman Sachs Group restated a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. Loop Capital boosted their price target on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company boosted their price target on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.82.

NVIDIA Stock Performance

Shares of NVDA stock opened at $178.19 on Monday. The business’s 50 day simple moving average is $176.60 and its 200 day simple moving average is $146.20. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55. The stock has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a PEG ratio of 1.29 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.