Innovative Wealth Building LLC Decreases Stock Holdings in NVIDIA Corporation $NVDA

Innovative Wealth Building LLC lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 17.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,826 shares of the computer hardware maker’s stock after selling 377 shares during the quarter. Innovative Wealth Building LLC’s holdings in NVIDIA were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. lifted its position in shares of NVIDIA by 24.7% during the second quarter. Fortitude Advisory Group L.L.C. now owns 136,728 shares of the computer hardware maker’s stock valued at $21,602,000 after buying an additional 27,106 shares during the last quarter. Orca Wealth Management LLC raised its stake in shares of NVIDIA by 1.1% during the 2nd quarter. Orca Wealth Management LLC now owns 13,184 shares of the computer hardware maker’s stock worth $2,083,000 after acquiring an additional 143 shares in the last quarter. IVC Wealth Advisors LLC lifted its position in NVIDIA by 5.8% during the second quarter. IVC Wealth Advisors LLC now owns 24,299 shares of the computer hardware maker’s stock valued at $3,839,000 after acquiring an additional 1,322 shares during the last quarter. Beacon Financial Advisory LLC boosted its stake in NVIDIA by 19.6% in the second quarter. Beacon Financial Advisory LLC now owns 35,224 shares of the computer hardware maker’s stock valued at $5,565,000 after acquiring an additional 5,767 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in NVIDIA by 1.2% in the second quarter. Gemmer Asset Management LLC now owns 301,129 shares of the computer hardware maker’s stock worth $47,575,000 after purchasing an additional 3,697 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $182.16 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The business’s 50 day moving average price is $179.35 and its 200 day moving average price is $155.20. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.43 trillion, a P/E ratio of 51.90, a P/E/G ratio of 1.30 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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. 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 period last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. UBS Group set a $320.00 price target on NVIDIA in a research note on Wednesday, October 15th. Finally, Citigroup reaffirmed a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $222.23.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated 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 owned 73,523,225 shares of the company’s stock, valued at $13,098,897,766. The trade was 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 company’s stock in a transaction dated 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 sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,801,577 shares of company stock worth $678,643,875. Insiders own 4.17% of the company’s stock.

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.