Bfsg LLC Boosts Stake in NVIDIA Corporation $NVDA

Key Points

• Bfsg LLC increased its stake in NVIDIA by 3.6% during Q2, owning 177,533 shares, which is now 3.1% of its investment portfolio, valued at $28 million.
• Multiple hedge funds have also significantly increased their positions in NVIDIA, with 65.27% of the stock currently owned by institutions.
• Analysts have raised their price targets for NVIDIA, with the consensus target now at $211.00, reflecting a generally positive outlook on the stock.

Bfsg LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,533 shares of the computer hardware maker's stock after purchasing an additional 6,192 shares during the quarter. NVIDIA comprises 3.1% of Bfsg LLC's investment portfolio, making the stock its 3rd biggest position. Bfsg LLC's holdings in NVIDIA were worth $28,048,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares in the last quarter. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC increased its holdings 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 buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. raised its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on NVDA shares. TD Cowen upped their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Truist Financial increased their price objective on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Jefferies Financial Group reissued a "buy" rating and set a $220.00 price objective (up from $205.00) on shares of NVIDIA in a report on Monday. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Daiwa Capital Markets increased their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $211.00.

Insider Activity

In related news, CFO Colette Kress sold 30,500 shares of the firm'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 sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Persis Drell sold 40,000 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the transaction, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,097,407 shares of company stock valued at $714,378,504. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $188.89 on Friday. The company has a market capitalization of $4.59 trillion, a P/E ratio of 53.81, a PEG ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a 50 day moving average price of $177.83 and a two-hundred day moving average price of $147.65.

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 the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio is 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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