NVIDIA Corporation $NVDA Shares Bought by RKL Wealth Management LLC

RKL Wealth Management LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 88,888 shares of the computer hardware maker’s stock after acquiring an additional 4,865 shares during the period. NVIDIA comprises about 1.6% of RKL Wealth Management LLC’s holdings, making the stock its 16th biggest holding. RKL Wealth Management LLC’s holdings in NVIDIA were worth $20,300,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC lifted its stake in NVIDIA by 1.2% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 4,121 shares of the computer hardware maker’s stock valued at $825,000 after buying an additional 47 shares in the last quarter. LightSquare Wealth Management LLC boosted its holdings in NVIDIA by 0.3% in the 2nd quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker’s stock worth $3,741,000 after buying an additional 49 shares during the last quarter. Defender Capital LLC. boosted its holdings in NVIDIA by 0.7% in the 2nd quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker’s stock worth $1,507,000 after buying an additional 50 shares during the last quarter. Kooman & Associates increased its stake in NVIDIA by 0.6% during the 2nd quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker’s stock worth $1,694,000 after buying an additional 50 shares in the last quarter. Finally, Roof Eidam Maycock Peralta LLC increased its stake in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker’s stock worth $3,767,000 after buying an additional 50 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Timothy Teter sold 30,460 shares of NVIDIA stock in a transaction on Monday, September 21st. The shares were sold at an average price of $222.80, for a total value of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at $598,810,648. The trade was a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Stevens sold 622,239 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the sale, the director owned 2,336,531 shares of the company’s stock, valued at approximately $541,187,310.22. This represents a 21.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,766,118 shares of company stock valued at $399,450,353. 3.94% of the stock is currently owned by company insiders.

Top NVIDIA Stories

These are some of the NVDA stories that stood out recently:

• Positive Sentiment: Some investors see the selloff as an opportunity: retail traders reportedly bought about $111 million of NVDA in the first 30 minutes of trading. Bullish commentary points to NVIDIA’s established AI business and continuing infrastructure demand. Article: Huang Exit Fuels Nvidia Bulls
• Negative Sentiment: Huang’s departure raises key-person and succession concerns after 33 years at the helm. The surrounding allegations and scrutiny—including questions about possible chip diversion to China—could invite tighter export controls and damage investor confidence; these claims remain under investigation and are not established findings. Article: Jensen Huang steps down
• Negative Sentiment: Several analysts downgraded the stock or cut price targets, citing leadership, governance and China-related risks. A securities class action adds another source of uncertainty for shareholders. Article: Nvidia Stock Just Got Downgraded

NVIDIA Stock Down 4.3%

NVDA stock opened at $166.19 on Friday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a twelve month low of $148.80 and a twelve month high of $243.37. The company’s 50 day moving average is $215.96 and its two-hundred day moving average is $204.25. The stock has a market cap of $4.01 trillion, a P/E ratio of 21.01, a PEG ratio of 1.34 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the firm posted $1.05 EPS. The company’s revenue was up 105.9% on a year-over-year basis. Research analysts expect that NVIDIA Corporation will post 9.29 earnings per share for the current fiscal year.

NVIDIA announced that its board has approved a stock buyback plan on Monday, September 28th that authorizes the company to repurchase $150 billion in shares. This buyback authorization authorizes the computer hardware maker to buy up to 2.8% of its stock through open market purchases. Share buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. NVIDIA’s payout ratio is currently 12.64%.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Melius Research lowered NVIDIA from a “buy” rating to a “hold” rating and lowered their price target for the stock from $315.00 to $185.00 in a research note on Thursday. Yorkville Ives initiated coverage on NVIDIA in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $300.00 price objective for the company. BNP Paribas Exane restated an “outperform” rating and issued a $345.00 price objective on shares of NVIDIA in a report on Monday, October 5th. Mizuho set a $250.00 price objective on shares of NVIDIA in a report on Monday. Finally, Citigroup dropped their price target on NVIDIA from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Tuesday. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $283.63.

NVIDIA Profile

NVIDIA Corporation develops graphics processing units (GPUs), accelerated computing platforms and related software. Founded in 1993, the company first became widely known for GPUs used in PC gaming and professional graphics. Its technology now also supports artificial intelligence, scientific computing and other data-intensive applications. NVIDIA’s offerings include GeForce products for gaming, data-center GPUs and systems for AI workloads, and networking products that connect computing infrastructure.