KFG Wealth Management LLC Acquires 936 Shares of NVIDIA Corporation $NVDA

KFG Wealth Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,920 shares of the computer hardware maker’s stock after buying an additional 936 shares during the period. KFG Wealth Management LLC’s holdings in NVIDIA were worth $2,831,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pachira Investments Inc. boosted its stake in NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC boosted its stake in NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares in the last quarter. Burkett Financial Services LLC boosted its stake in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares in the last quarter. Guided Capital Wealth Management LLC boosted its stake in NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock worth $4,401,000 after purchasing an additional 70 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. raised its position in NVIDIA by 0.4% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker’s stock worth $3,143,000 after buying an additional 76 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares of the company’s stock, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the 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 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 represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,022,407 shares of company stock worth $700,382,754 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 0.4%

NVIDIA stock opened at $187.24 on Thursday. The firm has a 50 day moving average of $177.52 and a 200 day moving average of $147.17. The firm has a market capitalization of $4.55 trillion, a price-to-earnings ratio of 53.34, a P/E/G ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $188.14. 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 Announces Dividend

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%.

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. Needham & Company LLC reissued a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Jefferies Financial Group reissued a “buy” rating and issued a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a research report on Monday. New Street Research boosted their target price on NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Daiwa Capital Markets boosted their target price on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Four equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.00.

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.