Spire Wealth Management Sells 117,305 Shares of NVIDIA Corporation $NVDA

Spire Wealth Management reduced its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,782 shares of the computer hardware maker’s stock after selling 117,305 shares during the period. NVIDIA comprises approximately 3.3% of Spire Wealth Management’s holdings, making the stock its 2nd biggest position. Spire Wealth Management’s holdings in NVIDIA were worth $93,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Morton Brown Family Wealth LLC increased its holdings in NVIDIA by 1.5% in the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after buying an additional 58 shares during the last quarter. Roof Eidam Maycock Peralta LLC grew its position in shares of NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock worth $3,302,000 after acquiring an additional 58 shares in the last quarter. Alpha Wealth Funds LLC increased its holdings in shares of NVIDIA by 1.3% in the 2nd quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after acquiring an additional 59 shares during the last quarter. Copia Wealth Management raised its position in shares of NVIDIA by 14.7% during the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after acquiring an additional 60 shares in the last quarter. Finally, BKM Wealth Management LLC raised its position in shares of NVIDIA by 1.1% during the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock valued at $908,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 626 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $179.42, for a total transaction of $112,316.92. Following the transaction, the director directly owned 17,792 shares in the company, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,252,203 shares of company stock valued at $583,255,504 over the last 90 days. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore ISI set a $352.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a research note on Thursday, November 20th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $220.00) on shares of NVIDIA in a research report on Friday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of NVIDIA in a report on Thursday, November 20th. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Rosenblatt Securities increased their price target on NVIDIA from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Buy” and an average price target of $258.19.

NVIDIA Stock Performance

NVDA opened at $180.26 on Thursday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market cap of $4.38 trillion, a PE ratio of 51.36, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The business’s 50 day moving average is $186.82 and its 200-day moving average is $169.74. 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 (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Thursday, December 4th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

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.