Breakwater Capital Group Has $5.32 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Breakwater Capital Group reduced its stake in NVIDIA Corporation by 7.1%, now holding 33,678 shares valued at approximately $5.32 million, making it the firm’s 25th largest position.
• Wall Street analysts have raised their price targets for NVIDIA, with estimates now reaching as high as $228.00, and the stock has a consensus rating of "Moderate Buy".
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with the next payment scheduled for October 2nd, representing an annualized yield of 0.0%.

Breakwater Capital Group decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,678 shares of the computer hardware maker's stock after selling 2,555 shares during the period. NVIDIA comprises 0.9% of Breakwater Capital Group's portfolio, making the stock its 25th biggest position. Breakwater Capital Group's holdings in NVIDIA were worth $5,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVDA shares. Rosenblatt Securities lifted their target price on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Truist Financial lifted their price objective on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Benchmark lifted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $183.61 on Tuesday. The firm has a market cap of $4.46 trillion, a PE ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.55. The company has a fifty day moving average price of $176.12 and a 200 day moving average price of $144.35.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,109,874 shares of company stock valued at $698,280,697. 4.17% of the stock is currently owned by company 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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