Foundation Wealth Management LLC Acquires 1,779 Shares of NVIDIA Corporation $NVDA

Foundation Wealth Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 70.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,305 shares of the computer hardware maker’s stock after buying an additional 1,779 shares during the quarter. NVIDIA makes up 0.5% of Foundation Wealth Management LLC’s portfolio, making the stock its 25th largest position. Foundation Wealth Management LLC’s holdings in NVIDIA were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pachira Investments Inc. increased its holdings in NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after buying an additional 63 shares during the last quarter. Warner Financial Inc. increased its holdings in NVIDIA by 2.3% during the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock worth $460,000 after buying an additional 66 shares during the last quarter. HFG Wealth Management LLC increased its holdings in NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after buying an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC increased its holdings in NVIDIA by 0.3% during the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after buying an additional 69 shares during the last quarter. Finally, Summit Financial Strategies Inc. increased its holdings in NVIDIA by 0.6% during the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock worth $1,839,000 after buying an additional 69 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $179.91, for a total transaction of $13,493,250.00. Following the completion of the sale, the chief executive officer owned 69,958,203 shares of the company’s stock, valued at $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,726,577 shares of company stock valued at $665,502,375 in the last ninety days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 2.3%

Shares of NVIDIA stock opened at $186.26 on Monday. The firm has a 50-day moving average of $179.46 and a 200-day moving average of $156.52. The stock has a market cap of $4.53 trillion, a PE ratio of 53.07, a PEG ratio of 1.34 and a beta of 2.12. 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.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. 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 payout ratio is presently 1.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NVDA. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Stifel Nicolaus upped their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday, August 25th. Evercore ISI upped their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the company a “buy” rating in a report on Monday, October 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average price target of $222.23.

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.