Blue Oak Capital LLC Purchases Shares of 1,930 NVIDIA Corporation $NVDA

Key Points

• Blue Oak Capital LLC recently acquired 1,930 shares of NVIDIA Corporation, valuing the investment at approximately $305,000.
• Analysts have raised price targets for NVIDIA, with Morgan Stanley increasing theirs to $210.00, highlighting strong expectations for the stock's performance.
• NVIDIA also announced a quarterly dividend of $0.01 per share, demonstrating ongoing shareholder returns amidst strong earnings growth.

Blue Oak Capital LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,930 shares of the computer hardware maker's stock, valued at approximately $305,000.

A number of other institutional investors have also made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. lifted its position 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. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the second quarter worth $55,000. Finally, Campbell Capital Management Inc. lifted its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NVDA. Morgan Stanley boosted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research note on Saturday, September 27th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $211.26.

NVIDIA Stock Down 0.3%

NVDA stock opened at $185.04 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05. The firm has a fifty day moving average price of $178.48 and a two-hundred day moving average price of $149.30. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 52.72, a PEG ratio of 1.34 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS 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 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 yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was 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 at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. The trade was a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,947,622 shares of company stock valued at $694,333,235. 4.17% of the stock is owned by insiders.

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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