Beacon Financial Group Increases Stake in NVIDIA Corporation $NVDA

Key Points

• Beacon Financial Group increased its stake in NVIDIA Corporation by 5.0% during Q2, owning a total of 91,106 shares valued at approximately $14.4 million.
• NVIDIA reported quarterly earnings of $1.05 EPS, exceeding analyst expectations, with revenue of $46.74 billion marking a 55.6% increase year-on-year.
• Recent analyst reviews indicate a consensus rating of "Moderate Buy" for NVIDIA, with price targets ranging significantly higher, including up to $240.00 from Cantor Fitzgerald.

Beacon Financial Group raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 91,106 shares of the computer hardware maker's stock after purchasing an additional 4,376 shares during the period. NVIDIA accounts for approximately 1.5% of Beacon Financial Group's portfolio, making the stock its 14th biggest holding. Beacon Financial Group's holdings in NVIDIA were worth $14,394,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NVDA. Burkett Financial Services LLC raised its holdings in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after buying an additional 70 shares during the period. Elevate Wealth Advisory Inc. increased its stake in shares of NVIDIA by 1.7% during the first quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after buying an additional 77 shares during the period. Ehrlich Financial Group increased its stake in shares of NVIDIA by 2.4% during the second quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock worth $530,000 after buying an additional 80 shares during the period. Earnest Partners LLC increased its stake in NVIDIA by 0.7% in the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after purchasing an additional 81 shares during the last quarter. Finally, Retirement Wealth Solutions LLC increased its stake in NVIDIA by 2.0% in the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker's stock valued at $659,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.2%

NVIDIA stock opened at $176.67 on Monday. The stock has a market cap of $4.29 trillion, a PE ratio of 50.33, a P/E/G ratio of 1.28 and a beta of 2.10. The stock has a 50-day moving average price of $175.73 and a 200 day moving average price of $143.85. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research 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 issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a report on Friday. Oppenheimer reissued an "outperform" rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, Daiwa Capital Markets increased their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a report on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.47.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was 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 in the company, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 297,797 shares of NVIDIA stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,914,341 shares of company stock worth $662,228,310 over the last 90 days. Corporate 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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