Balefire LLC Has $8.38 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Balefire LLC has significantly increased its stake in NVIDIA Corporation by 92.8%, now owning shares valued at $8.38 million as of their latest SEC filing.
• Analysts are optimistic about NVIDIA's future, with several increasing their price targets, leading to a consensus rating of Moderate Buy and an average price target of $208.47.
• NVIDIA reported quarterly earnings surpassing analyst expectations, with a revenue increase of 55.6% year-over-year, along with a strong net margin of 52.41%.

Balefire LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 92.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,063 shares of the computer hardware maker's stock after buying an additional 25,543 shares during the quarter. NVIDIA accounts for 1.8% of Balefire LLC's investment portfolio, making the stock its 8th largest holding. Balefire LLC's holdings in NVIDIA were worth $8,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of NVDA. Nuveen LLC bought a new position in shares of NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. grew its stake in NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. GAMMA Investing LLC grew its stake in NVIDIA by 12,173.2% in the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NVIDIA during the fourth quarter valued at about $2,987,733,000. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVDA shares. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Rosenblatt Securities increased their price objective on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Robert W. Baird increased 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. Loop Capital increased their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $208.47.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $183.61 on Tuesday. The business has a 50 day moving average of $176.12 and a 200 day moving average of $144.35. The company has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year 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.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 business's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the completion of the sale, the chief executive officer owned 71,683,203 shares of the company's stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,109,874 shares of company stock worth $698,280,697 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

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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