Altus Wealth Group LLC Buys 2,654 Shares of NVIDIA Corporation $NVDA

Altus Wealth Group LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,750 shares of the computer hardware maker’s stock after purchasing an additional 2,654 shares during the period. NVIDIA accounts for about 1.7% of Altus Wealth Group LLC’s portfolio, making the stock its 12th biggest holding. Altus Wealth Group LLC’s holdings in NVIDIA were worth $3,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NVDA. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the second quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the second quarter worth $55,000. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares in the last quarter. Westend Capital Management LLC grew its holdings in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after buying an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup lifted their target price on NVIDIA from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. President Capital lifted their price objective on shares of NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Jefferies Financial Group increased their target price on shares of NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group restated a “buy” rating and set a $240.00 price target (up from $210.00) on shares of NVIDIA in a report on Friday, October 31st. Finally, Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $237.74.

NVIDIA Trading Down 3.6%

NASDAQ:NVDA opened at $186.86 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $185.14 and its 200 day moving average is $164.99. The stock has a market capitalization of $4.54 trillion, a PE ratio of 53.24, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,251,577 shares of company stock worth $583,143,187. Insiders own 4.17% of the company’s stock.

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.