Bartlett & CO. Wealth Management LLC Raises Holdings in NVIDIA Corporation $NVDA

Bartlett & CO. Wealth Management LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,103,390 shares of the computer hardware maker’s stock after acquiring an additional 80,997 shares during the period. NVIDIA makes up approximately 2.4% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 10th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in NVIDIA were worth $174,335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. lifted its holdings in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after buying an additional 63 shares in the last quarter. HFG Wealth Management LLC lifted its holdings in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after buying an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC lifted its holdings in NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after buying an additional 69 shares in the last quarter. Summit Financial Strategies Inc. lifted its holdings in NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock worth $1,839,000 after buying an additional 69 shares in the last quarter. Finally, Burkett Financial Services LLC lifted its holdings in NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after buying an additional 70 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $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 3,753,937 shares of company stock worth $667,769,026 over the last three months. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NVDA. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Benchmark raised their price objective on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Truist Financial raised their price objective on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Arete raised their target price on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $222.23.

View Our Latest Research Report on NVDA

NVIDIA Stock Up 1.1%

NASDAQ NVDA opened at $181.81 on Friday. 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 Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company has a 50 day moving average of $179.39 and a 200-day moving average of $152.47. The company has a market cap of $4.42 trillion, a price-to-earnings ratio of 51.80, a PEG ratio of 1.30 and a beta of 2.12.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect 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. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

About NVIDIA

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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