Ariose Capital Management Ltd Purchases New Position in NVIDIA Corporation $NVDA

Key Points

• Ariose Capital Management Ltd has purchased a new stake in NVIDIA Corporation, acquiring 96,100 shares valued at approximately $15.18 million, making it the company's 3rd largest holding.
• Recent institutional activity shows other firms such as Pachira Investments and HFG Wealth Management also increased their holdings in NVIDIA, contributing to institutional ownership of over 65% of the stock.
• NVIDIA has received updated analyst ratings, with several firms raising their price targets; Benchmark raised their target from $190 to $220 while maintaining a "buy" rating.

Ariose Capital Management Ltd purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 96,100 shares of the computer hardware maker's stock, valued at approximately $15,183,000. NVIDIA comprises about 9.6% of Ariose Capital Management Ltd's portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also recently made changes to their positions in NVDA. Pachira Investments Inc. increased its holdings in NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after buying an additional 63 shares during the period. HFG Wealth Management LLC increased its holdings in NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after buying an additional 68 shares during the period. Hidden Cove Wealth Management LLC grew its holdings in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after purchasing an additional 69 shares during the last quarter. Burkett Financial Services LLC grew its holdings in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after purchasing an additional 70 shares during the last quarter. Finally, Guided Capital Wealth Management LLC grew its holdings in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Benchmark lifted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. BNP Paribas raised shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Evercore ISI lifted their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Finally, Citigroup reaffirmed a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $212.84.

NVIDIA Stock Down 4.9%

Shares of NASDAQ NVDA opened at $183.16 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The stock has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.39 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 has a 50-day moving average of $179.16 and a 200 day moving average of $150.49.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In other NVIDIA news, 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 in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the sale, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,925,379 shares of company stock valued at $694,277,421. Company insiders own 4.17% of the company's stock.

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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