Abacus Wealth Partners LLC Acquires 1,231 Shares of NVIDIA Corporation $NVDA

Abacus Wealth Partners LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,443 shares of the computer hardware maker’s stock after acquiring an additional 1,231 shares during the quarter. NVIDIA comprises about 1.0% of Abacus Wealth Partners LLC’s portfolio, making the stock its 12th largest position. Abacus Wealth Partners LLC’s holdings in NVIDIA were worth $6,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group raised its stake in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC raised its stake in shares of NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock valued at $3,534,000 after acquiring an additional 1,043 shares during the period. Variant Private Wealth LLC raised its stake in shares of NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock valued at $2,038,000 after acquiring an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its stake in shares of NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock valued at $4,981,000 after acquiring an additional 1,265 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several recent analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. Benchmark raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Citigroup reduced their price target on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.21.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $166.00, for a total value of $12,450,000.00. Following the transaction, the chief executive officer owned 74,723,225 shares of the company’s stock, valued at $12,404,055,350. The trade was a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,148,818 shares of company stock valued at $720,112,070 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 2.1%

Shares of NVIDIA stock opened at $181.85 on Tuesday. The firm’s 50 day moving average price is $176.81 and its 200-day moving average price is $146.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55. The company has a market cap of $4.42 trillion, a P/E ratio of 51.81, a PEG ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 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.