Belpointe Asset Management LLC Raises Stock Position in NVIDIA Corporation $NVDA

Belpointe Asset Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374,956 shares of the computer hardware maker's stock after purchasing an additional 3,539 shares during the period. NVIDIA accounts for 2.5% of Belpointe Asset Management LLC's portfolio, making the stock its 2nd largest holding. Belpointe Asset Management LLC's holdings in NVIDIA were worth $59,240,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC increased its stake in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA during the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its stake in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Amundi increased its stake in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of NVIDIA during the 1st quarter worth about $1,163,288,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,577 shares of company stock worth $678,643,875 in the last quarter. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $186.26 on Friday. The company's 50 day moving average price is $179.46 and its two-hundred day moving average price is $155.82. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The firm has a market cap of $4.53 trillion, a PE ratio of 53.07, a PEG ratio of 1.31 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business's revenue was up 55.6% compared to the same quarter last year. 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 year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent analyst reports. KeyCorp restated an "overweight" rating and set a $250.00 price objective (up from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a research note on Monday, October 6th. Mizuho upped their price target on shares of NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Robert W. Baird upped their price target 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. Five analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $222.23.

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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