2,150 Shares in NVIDIA Corporation $NVDA Acquired by Stolper Co

Key Points

• Stolper Co acquired 2,150 shares of NVIDIA Corporation, valued at approximately $340,000, marking a new stake according to its Form 13F filing.
• NVIDIA reported a 55.6% year-over-year increase in revenue for the last quarter, achieving earnings per share of $1.05, which exceeded analyst expectations.
• Insider selling was significant, with Director Mark A. Stevens selling 350,000 shares for over $61 million recently, indicating a 4.52% decrease in their ownership.

Stolper Co acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,150 shares of the computer hardware maker's stock, valued at approximately $340,000.

Several other hedge funds also recently modified their holdings of the business. Astoria Portfolio Advisors LLC. grew its holdings in shares of NVIDIA by 0.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group grew its holdings in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC boosted its holdings in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after acquiring an additional 1,043 shares during the last quarter. Variant Private Wealth LLC increased its position in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its position in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Up 0.3%

NASDAQ:NVDA opened at $178.19 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The business's 50-day simple moving average is $176.60 and its 200-day simple moving average is $145.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction 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. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,176,470 shares of company stock valued at $720,979,162. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday, September 12th. Morgan Stanley lifted their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Tuesday. Finally, Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.