Sterling Group Wealth Management LLC Has $372,000 Holdings in NVIDIA Corporation $NVDA

Sterling Group Wealth Management LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,355 shares of the computer hardware maker’s stock after selling 535 shares during the quarter. Sterling Group Wealth Management LLC’s holdings in NVIDIA were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its position in shares of 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 purchasing an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its position in shares of 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 purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its position in shares of 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 purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Benchmark boosted their price target on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. 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. Bank of America boosted their price target on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Wolfe Research boosted their price target on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $210.21.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $181.85 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $176.81 and a two-hundred day moving average price of $146.62. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year 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 earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $166.00, for a total transaction of $12,450,000.00. Following the completion of the sale, the chief executive officer owned 74,723,225 shares in the company, valued at $12,404,055,350. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% 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. 4.17% of the stock is currently owned by corporate insiders.

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.