Verus Wealth Management LLC Purchases 93 Shares of NVIDIA Corporation $NVDA

Verus Wealth Management LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,987 shares of the computer hardware maker’s stock after purchasing an additional 93 shares during the quarter. NVIDIA makes up approximately 1.1% of Verus Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. Verus Wealth Management LLC’s holdings in NVIDIA were worth $1,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during 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 in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter valued at about $51,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the second quarter valued at about $55,000. Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% during 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 in the last quarter. Finally, Luken Investment Analytics LLC increased its holdings in shares of NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 1.0%

NVIDIA stock opened at $182.16 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 12 month low of $86.62 and a 12 month high of $195.62. The stock’s 50 day simple moving average is $179.35 and its two-hundred day simple moving average is $155.20. The firm has a market cap of $4.43 trillion, a PE ratio of 51.90, a P/E/G ratio of 1.30 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVDA shares. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, October 8th. KeyCorp reiterated an “overweight” rating and issued a $250.00 target price (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Morgan Stanley upped their target price on NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Finally, Citigroup reiterated a “buy” rating and issued a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $222.23.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was 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 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 this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock valued at $678,643,875 in the last three months. 4.17% of the stock is currently owned by company insiders.

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.