NVIDIA Corporation $NVDA Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 45.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,192 shares of the computer hardware maker’s stock after buying an additional 27,412 shares during the period. NVIDIA accounts for 0.8% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position. Sax Wealth Advisors LLC’s holdings in NVIDIA were worth $13,776,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the second quarter valued at $55,000. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Westend Capital Management LLC grew its stake in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after purchasing an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth $51,000. Finally, Campbell Capital Management Inc. boosted its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several analyst reports. Mizuho upped their price objective on NVIDIA from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the stock an “overweight” rating in a research note on Thursday, October 9th. TD Cowen increased their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Finally, Robert W. Baird raised their price objective on NVIDIA from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $222.23.

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the business’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 completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $174.46, for a total value of $13,084,500.00. Following the sale, the chief executive officer directly owned 72,773,366 shares in the company, valued at approximately $12,696,041,432.36. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,726,577 shares of company stock worth $665,502,375. Company insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.8%

NASDAQ:NVDA opened at $191.49 on Tuesday. The business’s 50-day moving average is $179.65 and its two-hundred day moving average is $157.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The firm has a market capitalization of $4.65 trillion, a PE ratio of 54.56, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12.

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, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio 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.