Abound Wealth Management Grows Stock Position in NVIDIA Corporation $NVDA

Abound Wealth Management grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,836 shares of the computer hardware maker’s stock after purchasing an additional 1,048 shares during the quarter. NVIDIA makes up approximately 0.9% of Abound Wealth Management’s holdings, making the stock its 21st biggest position. Abound Wealth Management’s holdings in NVIDIA were worth $3,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank & Trust Co increased its holdings in NVIDIA by 15.7% in the 2nd quarter. Bank & Trust Co now owns 7,156 shares of the computer hardware maker’s stock worth $1,131,000 after acquiring an additional 970 shares in the last quarter. Capstone Wealth Management LLC increased its holdings in NVIDIA by 9.9% in the 2nd quarter. Capstone Wealth Management LLC now owns 4,145 shares of the computer hardware maker’s stock worth $655,000 after acquiring an additional 373 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in NVIDIA in the 2nd quarter worth approximately $154,589,000. Border to Coast Pensions Partnership Ltd increased its holdings in NVIDIA by 3.5% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 2,506,114 shares of the computer hardware maker’s stock worth $395,941,000 after acquiring an additional 84,103 shares in the last quarter. Finally, Palacios Wealth Management LLC increased its holdings in NVIDIA by 4.3% in the 2nd quarter. Palacios Wealth Management LLC now owns 228,298 shares of the computer hardware maker’s stock worth $36,069,000 after acquiring an additional 9,474 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the firm’s 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 in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Persis Drell sold 40,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director owned 138,740 shares of the company’s stock, valued at approximately $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,148,818 shares of company stock valued at $720,112,070 over the last 90 days. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NVDA. Wolfe Research increased their target price on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, August 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $240.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Benchmark increased their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Four equities 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’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $210.21.

NVIDIA Stock Up 2.1%

NASDAQ NVDA opened at $181.85 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.42 trillion, a P/E ratio of 51.81, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55. The stock has a 50 day moving average price of $176.81 and a 200-day moving average price of $146.62.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict 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. Investors of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

NVIDIA Company 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.