BCS Wealth Management Buys 8,891 Shares of NVIDIA Corporation $NVDA

BCS Wealth Management grew its stake in NVIDIA Corporation (NASDAQ:NVDA) by 44.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,862 shares of the computer hardware maker’s stock after purchasing an additional 8,891 shares during the quarter. NVIDIA makes up approximately 1.0% of BCS Wealth Management’s investment portfolio, making the stock its 28th largest holding. BCS Wealth Management’s holdings in NVIDIA were worth $4,560,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Charter Capital Management LLC DE bought a new position in NVIDIA during the second quarter worth about $354,000. Bannerman Wealth Management Group LLC increased its position in NVIDIA by 15.8% during the second quarter. Bannerman Wealth Management Group LLC now owns 12,834 shares of the computer hardware maker’s stock worth $2,028,000 after acquiring an additional 1,752 shares during the period. Boyce & Associates Wealth Consulting Inc. increased its position in NVIDIA by 2.6% during the second quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,984 shares of the computer hardware maker’s stock worth $4,105,000 after acquiring an additional 657 shares during the period. Norden Group LLC increased its position in NVIDIA by 14.2% during the second quarter. Norden Group LLC now owns 163,455 shares of the computer hardware maker’s stock worth $25,824,000 after acquiring an additional 20,333 shares during the period. Finally, Legacy Financial Group LLC increased its position in NVIDIA by 16.9% during the second quarter. Legacy Financial Group LLC now owns 5,426 shares of the computer hardware maker’s stock worth $857,000 after acquiring an additional 785 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $187.62 on Friday. The company has a fifty day moving average of $178.11 and a 200-day moving average of $148.36. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. 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 twelve month low of $86.62 and a twelve month high of $191.05.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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%. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. 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 report on Thursday, August 28th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price target (up from $230.00) on shares of NVIDIA in a research report on Tuesday. Daiwa Capital Markets raised their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Citigroup reaffirmed a “buy” rating and set a $210.00 price target (up from $200.00) on shares of NVIDIA in a research report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research note on Saturday, September 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.00.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 40,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction 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. The trade was a 22.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,097,407 shares of company stock worth $714,378,504. 4.17% of the stock is owned by insiders.

NVIDIA 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.