Buska Wealth Management LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 77.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,684 shares of the computer hardware maker’s stock after acquiring an additional 1,607 shares during the period. Buska Wealth Management LLC’s holdings in NVIDIA were worth $582,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. BetterWealth LLC raised its stake in NVIDIA by 3.4% during the 2nd quarter. BetterWealth LLC now owns 18,914 shares of the computer hardware maker’s stock valued at $2,988,000 after acquiring an additional 615 shares in the last quarter. Salvus Wealth Management LLC raised its stake in NVIDIA by 1.7% during the 2nd quarter. Salvus Wealth Management LLC now owns 19,550 shares of the computer hardware maker’s stock valued at $3,089,000 after acquiring an additional 336 shares in the last quarter. Foster Group Inc. raised its stake in NVIDIA by 10.0% during the 2nd quarter. Foster Group Inc. now owns 32,087 shares of the computer hardware maker’s stock valued at $5,069,000 after acquiring an additional 2,920 shares in the last quarter. Acropolis Investment Management LLC raised its stake in NVIDIA by 2.9% during the 2nd quarter. Acropolis Investment Management LLC now owns 55,274 shares of the computer hardware maker’s stock valued at $8,733,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Sentinel Pension Advisors LLC raised its stake in NVIDIA by 4.1% during the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock valued at $433,000 after acquiring an additional 107 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
Insider Activity
In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction 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 transaction, the director 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,022,407 shares of company stock worth $700,382,754. 4.17% of the stock is owned by corporate insiders.
NVIDIA Stock Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its 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 business 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 quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date 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 currently 1.14%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Piper Sandler set a $225.00 price target on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Mizuho lifted their price target on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Barclays reiterated an “overweight” rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Four 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 given a Sell rating to the company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.00.
Check Out Our Latest Stock Analysis on NVDA
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.
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