Petros Family Wealth LLC Grows Holdings in NVIDIA Corporation $NVDA

Petros Family Wealth LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,956 shares of the computer hardware maker’s stock after purchasing an additional 1,330 shares during the period. NVIDIA comprises 2.9% of Petros Family Wealth LLC’s investment portfolio, making the stock its 6th largest holding. Petros Family Wealth LLC’s holdings in NVIDIA were worth $3,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vantage Investment Partners LLC grew its holdings in shares of NVIDIA by 30.7% during the second quarter. Vantage Investment Partners LLC now owns 349,029 shares of the computer hardware maker’s stock worth $55,143,000 after purchasing an additional 81,901 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of NVIDIA by 15.5% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 511,115 shares of the computer hardware maker’s stock worth $80,751,000 after purchasing an additional 68,746 shares during the last quarter. Plimoth Trust Co. LLC grew its holdings in shares of NVIDIA by 0.7% during the second quarter. Plimoth Trust Co. LLC now owns 134,398 shares of the computer hardware maker’s stock worth $21,234,000 after purchasing an additional 962 shares during the last quarter. David Wealth Management LLC grew its holdings in shares of NVIDIA by 7.9% during the second quarter. David Wealth Management LLC now owns 17,685 shares of the computer hardware maker’s stock worth $2,794,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of NVIDIA by 2.6% during the second quarter. Marks Group Wealth Management Inc now owns 23,441 shares of the computer hardware maker’s stock worth $3,703,000 after purchasing an additional 585 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA opened at $186.26 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business’s 50 day moving average price is $179.46 and its two-hundred day moving average price is $155.82. The firm has a market cap of $4.53 trillion, a PE ratio of 53.07, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis 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%.

Insider Transactions at NVIDIA

In other news, 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 transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company’s 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 transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,801,577 shares of company stock valued at $678,643,875 over the last ninety days. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NVDA shares. Craig Hallum lifted their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Robert W. Baird upped their target price on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the company an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, October 8th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $222.23.

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.