Destiny Wealth Partners LLC Increases Stake in NVIDIA Corporation $NVDA

Destiny Wealth Partners LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 48.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,137 shares of the computer hardware maker’s stock after acquiring an additional 26,700 shares during the quarter. NVIDIA accounts for about 1.7% of Destiny Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Destiny Wealth Partners LLC’s holdings in NVIDIA were worth $12,977,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. increased its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after buying an additional 864 shares during the last quarter. Centerpoint Advisory Group boosted its holdings in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker’s stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC boosted its holdings in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker’s stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc boosted its holdings in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker’s stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 2.2%

NASDAQ:NVDA opened at $189.11 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The stock’s 50-day moving average is $178.67 and its two-hundred day moving average is $149.57. The stock has a market cap of $4.60 trillion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date was 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%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $185.79, for a total value of $13,934,250.00. Following the sale, the chief executive officer directly owned 70,858,203 shares in the company, valued at $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the company’s 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 in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,898,491 shares of company stock worth $686,333,234. 4.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NVDA. Wedbush reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. UBS Group reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price (up from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Bank of America raised their target price on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Benchmark raised their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Four equities research 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 stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $211.26.

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.