Premier Path Wealth Partners LLC Increases Stock Holdings in NVIDIA Corporation $NVDA

Premier Path Wealth Partners LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.5% in the second quarter, Holdings Channel.com reports. The firm owned 141,422 shares of the computer hardware maker’s stock after buying an additional 3,420 shares during the period. NVIDIA comprises about 3.1% of Premier Path Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest position. Premier Path Wealth Partners LLC’s holdings in NVIDIA were worth $22,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the 2nd quarter valued at $28,000. Kathleen S. Wright Associates Inc. grew its position 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 purchasing an additional 254 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $55,000. Campbell Capital Management Inc. lifted its holdings in 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 purchasing an additional 590 shares in the last quarter. Finally, Westend Capital Management LLC boosted its stake in 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 purchasing an additional 145 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 1.4%

NVDA opened at $180.26 on Thursday. The business’s fifty day simple moving average is $186.82 and its 200 day simple moving average is $169.74. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.38 trillion, a PE ratio of 51.36, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. New Street Research reiterated a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday. TD Cowen raised their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. DA Davidson reaffirmed a “buy” rating and issued a $250.00 price target on shares of NVIDIA in a report on Thursday, November 20th. Finally, Seaport Global Securities increased their price objective on NVIDIA from $100.00 to $140.00 and gave the stock a “sell” rating in a research report on Monday, November 17th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $258.19.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,252,203 shares of company stock valued at $583,255,504. 4.17% of the stock is currently owned by corporate insiders.

About NVIDIA

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.