Pinnacle Wealth Management LLC Increases Stock Position in NVIDIA Corporation $NVDA

Pinnacle Wealth Management LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,643 shares of the computer hardware maker’s stock after buying an additional 917 shares during the period. NVIDIA accounts for 4.7% of Pinnacle Wealth Management LLC’s holdings, making the stock its 4th largest position. Pinnacle Wealth Management LLC’s holdings in NVIDIA were worth $5,631,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Harbor Asset Planning Inc. acquired a new position in NVIDIA in the second quarter valued at about $28,000. Kathleen S. Wright Associates Inc. increased its holdings in 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 buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $51,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. boosted its position 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 worth $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $240.00 target price (up from $210.00) on shares of NVIDIA in a research note on Friday, October 31st. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Loop Capital boosted their target price on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Jefferies Financial Group raised their price target on shares of NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $235.44.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,326,577 shares of company stock valued at $596,625,187 in the last three months. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $193.80 on Thursday. The stock’s 50-day moving average is $184.84 and its 200-day moving average is $164.84. The stock has a market cap of $4.71 trillion, a P/E ratio of 55.21, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. 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, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 EPS. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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