Atwood & Palmer Inc. Boosts Holdings in NVIDIA Corporation $NVDA

Key Points

• Atwood & Palmer Inc. significantly increased its holdings in NVIDIA by 1,026.6% in the second quarter, now owning 156,264 shares valued at approximately $24.7 million.
• NVIDIA reported a 55.6% year-over-year increase in revenue, posting $46.74 billion for the quarter alongside an EPS of $1.05, exceeding analyst expectations.
• Several analysts have raised their price targets for NVIDIA, with Oppenheimer setting a new target at $225.00, indicating strong market confidence in the company's performance.

Atwood & Palmer Inc. raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1,026.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,264 shares of the computer hardware maker's stock after purchasing an additional 142,393 shares during the quarter. NVIDIA accounts for approximately 1.5% of Atwood & Palmer Inc.'s investment portfolio, making the stock its 26th largest holding. Atwood & Palmer Inc.'s holdings in NVIDIA were worth $24,688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. increased its position 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 buying an additional 254 shares in the last quarter. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. increased its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $176.67 on Friday. The firm's 50-day simple moving average is $175.73 and its two-hundred day simple moving average is $143.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 1.27 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

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 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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the business earned $0.68 EPS. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Truist Financial raised their price target on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Morgan Stanley lifted their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Finally, Daiwa Capital Markets lifted their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $208.47.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $157.02, for a total transaction of $11,776,500.00. Following the transaction, the chief executive officer owned 75,398,225 shares of the company's stock, valued at $11,839,029,289.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,020,022 shares of company stock valued at $677,418,500 in the last three months. 4.17% of the stock is currently owned by corporate insiders.

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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