Financial Synergies Wealth Advisors Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 69.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,833 shares of the computer hardware maker’s stock after acquiring an additional 2,806 shares during the period. Financial Synergies Wealth Advisors Inc.’s holdings in NVIDIA were worth $1,080,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the second quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the period. Westend Capital Management LLC boosted its stake in shares of 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 acquiring an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at $51,000. 65.27% of the stock is currently owned by institutional investors.
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. This represents a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,326,577 shares of company stock worth $596,625,187. Insiders own 4.17% of the company’s stock.
NVIDIA Price Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 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 analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm’s revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 1.14%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NVDA. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Daiwa Capital Markets boosted their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $235.44.
Check Out Our Latest Research Report on NVDA
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.
Featured Articles
- Five stocks we like better than NVIDIA
- High Flyers: 3 Natural Gas Stocks for March 2022
- Rare Earth Stocks: The Truce That Isn’t a Truce
- What Are Some of the Best Large-Cap Stocks to Buy?
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- C3.ai’s Reset: Why New Leadership Could Spark a Turnaround
Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.
