Berger Financial Group Inc Has $20.72 Million Position in NVIDIA Corporation $NVDA

Key Points

• Berger Financial Group Inc reduced its position in NVIDIA Corporation by 3.7% during Q2, owning 131,142 shares worth approximately $20.72 million, making NVIDIA the 14th largest position in their portfolio.
• NVIDIA reported earnings of $1.05 per share, beating estimates and showing a revenue increase of 55.6% year-over-year, with revenue for the quarter reaching $46.74 billion.
• The company's stock has faced some volatility, with a 0.5% drop recently, and has a market capitalization of $4.38 trillion, with analysts giving it a consensus rating of "Buy" and a target price of $222.23.

Berger Financial Group Inc reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,142 shares of the computer hardware maker's stock after selling 4,978 shares during the quarter. NVIDIA comprises about 1.3% of Berger Financial Group Inc's portfolio, making the stock its 14th biggest position. Berger Financial Group Inc's holdings in NVIDIA were worth $20,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA in the 1st quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% during the first 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 in the last quarter. Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares in the last quarter. Finally, Amundi boosted its holdings in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.5%

Shares of NVDA opened at $180.28 on Thursday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business's 50 day simple moving average is $179.34 and its 200-day simple moving average is $154.61. The stock has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 51.36, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.

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, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for 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 company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the transaction, the chief executive officer owned 70,108,203 shares of the company's stock, valued at $12,856,442,266.14. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 3,753,937 shares of company stock worth $669,548,776 over the last 90 days. 4.17% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NVDA shares. Evercore ISI lifted their price target on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Robert W. Baird upped their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Thursday, October 9th. Hsbc Global Res raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Finally, Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of "Buy" and a consensus target price of $222.23.

NVIDIA Company 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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