1,432 Shares in NVIDIA Corporation $NVDA Acquired by Randolph Co Inc

Key Points

• Randolph Co Inc acquired 1,432 shares of NVIDIA Corporation, valued at approximately $226,000, indicating growing institutional interest in the stock.
• Several large institutional investors, including Kingstone Capital Partners and Goldman Sachs, significantly increased their holdings in NVIDIA, with Kingstone expanding its position by over 267,900%.
• Analysts have a generally positive outlook on NVIDIA, with many upgrades and a target price increase to an average of $211.26, reflecting optimism about the company's growth prospects.

Randolph Co Inc purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,432 shares of the computer hardware maker's stock, valued at approximately $226,000.

A number of other large investors have also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC grew its holdings in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. raised its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NVDA shares. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. KeyCorp reaffirmed an "overweight" rating and set a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Stifel Nicolaus lifted their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Truist Financial lifted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Daiwa Capital Markets lifted their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $211.26.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the transaction, the chief executive officer owned 70,858,203 shares in the company, valued at $13,164,745,535.37. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,947,622 shares of company stock valued at $694,333,235 in the last three months. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.3%

NVDA stock opened at $185.04 on Wednesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The company has a market cap of $4.50 trillion, a P/E ratio of 52.72, a P/E/G ratio of 1.34 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. The company's 50-day moving average price is $178.48 and its 200 day moving average price is $149.30.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating 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 company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

NVIDIA 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.

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