Genesis Private Wealth LLC Has $2.51 Million Stake in NVIDIA Corporation $NVDA

Genesis Private Wealth LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,867 shares of the computer hardware maker’s stock after acquiring an additional 329 shares during the period. NVIDIA accounts for approximately 1.2% of Genesis Private Wealth LLC’s investment portfolio, making the stock its 27th biggest holding. Genesis Private Wealth LLC’s holdings in NVIDIA were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. raised 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 acquiring 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 valued at $72,000 after acquiring an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,801,587 shares of company stock worth $673,950,484. 4.17% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Mizuho raised their price objective on NVIDIA from $192.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Benchmark lifted their price target on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.84.

NVIDIA Stock Performance

NVDA opened at $183.16 on Monday. The stock has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The stock’s 50 day simple moving average is $179.16 and its 200-day simple moving average is $151.02.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for 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 quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current 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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

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.