NVIDIA Corporation $NVDA Shares Bought by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 10.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,340 shares of the computer hardware maker’s stock after buying an additional 521 shares during the quarter. Riverpoint Wealth Management Holdings LLC’s holdings in NVIDIA were worth $844,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% during the first 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 raised 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 worth $72,000 after buying an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Finally, Campbell Capital Management Inc. raised its position 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 worth $65,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 4.0%

NVDA stock opened at $198.69 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.83 trillion, a P/E ratio of 56.61, a P/E/G ratio of 1.49 and a beta of 2.12. The business has a 50-day moving average of $182.72 and a 200-day moving average of $161.48. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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. 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 currently 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 dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the transaction, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,503,937 shares of company stock valued at $627,687,846 over the last three months. Company insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. reissued a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 14th. New Street Research reiterated a “buy” rating and issued a $307.00 price objective on shares of NVIDIA in a research report on Thursday, October 30th. Finally, Craig Hallum raised their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $233.75.

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.