Confluence Wealth Services Inc. Increases Position in NVIDIA Corporation $NVDA

Confluence Wealth Services Inc. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,622 shares of the computer hardware maker’s stock after acquiring an additional 957 shares during the period. NVIDIA accounts for approximately 0.7% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 22nd biggest position. Confluence Wealth Services Inc.’s holdings in NVIDIA were worth $13,685,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the period. Westend Capital Management LLC grew its stake in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $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 1st quarter valued at approximately $51,000. Finally, Campbell Capital Management Inc. grew its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm’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 value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm’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 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 represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,801,577 shares of company stock valued at $678,643,875 in the last 90 days. Company insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley increased their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. S&P Equity Research reissued a “positive” rating on shares of NVIDIA in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Robert W. Baird upped their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Five analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $222.23.

NVIDIA Stock Performance

Shares of NVDA stock opened at $186.26 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The stock has a market capitalization of $4.53 trillion, a PE ratio of 53.07, a P/E/G ratio of 1.31 and a beta of 2.12. The firm has a 50 day moving average of $179.46 and a two-hundred day moving average of $155.82.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $45.65 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. 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%.

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.