Centricity Wealth Management LLC Sells 755 Shares of NVIDIA Corporation $NVDA

Centricity Wealth Management LLC decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,670 shares of the computer hardware maker’s stock after selling 755 shares during the quarter. NVIDIA accounts for about 0.7% of Centricity Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Centricity Wealth Management LLC’s holdings in NVIDIA were worth $896,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the period. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred 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 directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock worth $667,769,026 over the last ninety days. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Loop Capital upped their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Wells Fargo & Company upped their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. UBS Group set a $320.00 target price on shares of NVIDIA in a research note on Wednesday. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Thursday, October 9th. Finally, Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $222.23.

NVIDIA Price Performance

Shares of NVDA stock opened at $183.22 on Friday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The firm’s 50 day moving average is $179.40 and its 200-day moving average is $152.97. The firm has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.31 and a beta of 2.12. 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 announced 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the business earned $0.68 earnings per share. NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.