Bennett Selby Investments LP Purchases 5,706 Shares of NVIDIA Corporation $NVDA

Key Points

• Bennett Selby Investments LP increased its stake in NVIDIA Corporation by 17.7%, acquiring an additional 5,706 shares, making NVIDIA the 14th largest position in its portfolio.
• NVIDIA's recent analyst ratings have seen target prices raised significantly, with firms like Loop Capital and Benchmark setting targets up to $300, indicating strong investor confidence.
• NVIDIA stock experienced a 4.4% drop recently, with its current trading price around $180.12, despite strong quarterly earnings results that exceeded analyst expectations.

Bennett Selby Investments LP lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,961 shares of the computer hardware maker's stock after acquiring an additional 5,706 shares during the period. NVIDIA accounts for 2.1% of Bennett Selby Investments LP's portfolio, making the stock its 14th largest position. Bennett Selby Investments LP's holdings in NVIDIA were worth $5,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the 2nd quarter worth $55,000. Finally, Campbell Capital Management Inc. raised its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. New Street Research upped their target price on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.15.

Insiders Place Their Bets

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 stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,678,937 shares of company stock worth $653,013,526. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Down 4.4%

Shares of NVDA opened at $180.12 on Wednesday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 51.32, a PEG ratio of 1.36 and a beta of 2.12. The stock's 50-day moving average price is $179.36 and its 200-day moving average price is $151.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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. The ex-dividend date was 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%.

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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