26,098 Shares in NVIDIA Corporation $NVDA Purchased by White Pine Investment CO

Key Points

• White Pine Investment CO acquired 26,098 shares of NVIDIA Corporation, valued at approximately $4.1 million, marking a new position in the company's stock during the second quarter.
• Wall Street analysts have raised price targets for NVIDIA's shares, with ratings ranging from Strong Buy to Moderate Buy, and a consensus target price set at $214.15.
• NVIDIA's CFO Colette Kress and CEO Jen Hsun Huang recently sold substantial amounts of stock, indicating a combined decrease in their holdings, while insiders have sold over 3.6 million shares in the last quarter.

White Pine Investment CO bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,098 shares of the computer hardware maker's stock, valued at approximately $4,123,000.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the second quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Evercore ISI lifted their price objective on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Finally, Loop Capital lifted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $214.15.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the company's 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 completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,678,937 shares of company stock valued at $653,013,526 in the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVDA stock opened at $180.12 on Wednesday. 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 company has a 50 day moving average price of $179.36 and a 200 day moving average price of $151.77. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a market capitalization of $4.38 trillion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 EPS. NVIDIA's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.

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