Sagespring Wealth Partners LLC Boosts Holdings in NVIDIA Corporation $NVDA

Sagespring Wealth Partners LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,322 shares of the computer hardware maker’s stock after purchasing an additional 27,072 shares during the period. NVIDIA makes up 0.4% of Sagespring Wealth Partners LLC’s investment portfolio, making the stock its 27th largest holding. Sagespring Wealth Partners LLC’s holdings in NVIDIA were worth $44,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% in the 1st 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 during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter valued at $51,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $55,000. Campbell Capital Management Inc. boosted its holdings 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 valued at $65,000 after buying an additional 590 shares in the last quarter. Finally, Westend Capital Management LLC grew its position 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 during the period. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on NVDA shares. Needham & Company LLC lifted their price target on shares of NVIDIA from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, October 8th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, Seaport Global Securities restated a “sell” rating on shares of NVIDIA in a report on Wednesday, October 29th. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $233.75.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,476,577 shares of company stock valued at $623,934,187. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 3.7%

NVIDIA stock opened at $188.08 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The business’s fifty day moving average is $183.15 and its 200 day moving average is $161.90. The stock has a market capitalization of $4.57 trillion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business 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%.NVIDIA’s revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

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.