NVIDIA Corporation $NVDA Shares Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,527 shares of the computer hardware maker’s stock after purchasing an additional 375 shares during the quarter. NVIDIA makes up 2.4% of Abundance Wealth Counselors’ portfolio, making the stock its 7th biggest holding. Abundance Wealth Counselors’ holdings in NVIDIA were worth $12,875,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the second quarter valued at about $55,000. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Westend Capital Management LLC boosted its position in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 0.3%

Shares of NVIDIA stock opened at $182.64 on Tuesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business’s 50 day simple moving average is $179.41 and its 200-day simple moving average is $154.25. The stock has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 52.03, a PEG ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 business’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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 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 is 1.14%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NVDA shares. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. DA Davidson raised NVIDIA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Daiwa Capital Markets boosted their price target on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Finally, Truist Financial boosted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research note 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’s stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $222.23.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the transaction, the chief executive officer directly owned 73,523,225 shares of the company’s stock, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,828,937 shares of company stock valued at $682,264,276 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

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.