Andina Capital Management LLC Purchases 11,071 Shares of NVIDIA Corporation $NVDA

Key Points

• Andina Capital Management LLC increased its position in NVIDIA Corporation by 515.9%, now owning 13,217 shares valued at approximately $1,432,000.
• Insider trading reports indicate significant sales by executives, with EVP Ajay K. Puri selling 168,195 shares for about $25.67 million, and Director Mark A. Stevens selling 608,248 shares for approximately $88.35 million.
• Analysts have upgraded NVIDIA's stock rating to "strong-buy" and increased price targets, with estimates now ranging from $225 to $245, indicating strong market confidence in the company's future performance.

Andina Capital Management LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 515.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,217 shares of the computer hardware maker's stock after buying an additional 11,071 shares during the period. NVIDIA accounts for approximately 1.0% of Andina Capital Management LLC's holdings, making the stock its 29th biggest position. Andina Capital Management LLC's holdings in NVIDIA were worth $1,432,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. raised its stake in NVIDIA by 169.3% during the 1st 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 during the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC raised its stake in NVIDIA by 198.2% during the 1st 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 during the last quarter. Finally, Campbell Capital Management Inc. raised its stake in NVIDIA by 5,900.0% during the 1st 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 during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the sale, the director directly owned 8,247,600 shares of the company's stock, valued at approximately $1,198,046,376. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,832,755 shares of company stock worth $619,935,680. Company insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NVDA shares. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 price objective (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Robert W. Baird increased their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Craig Hallum increased their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.42.

NVIDIA Stock Up 3.8%

Shares of NASDAQ:NVDA opened at $177.33 on Thursday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company's 50-day moving average price is $173.69 and its two-hundred day moving average price is $140.91. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.31 trillion, a P/E ratio of 50.52, a P/E/G ratio of 1.24 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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