Byrne Asset Management LLC Increases Position in NVIDIA Corporation $NVDA

Key Points

• Byrne Asset Management LLC has increased its stake in NVIDIA Corporation by 12.3%, now owning 34,670 shares valued at approximately $5.48 million, representing 3.7% of its portfolio.
• Insider selling has occurred recently, with EVP Ajay K. Puri and Director Mark A. Stevens having sold a combined total of over 466,000 shares of NVIDIA stock, reflecting a decrease in their ownership percentages.
• NVIDIA reported a 55.6% year-over-year revenue increase for the last quarter, totaling $46.74 billion and surpassing analysts' expectations, alongside a quarterly dividend of $0.01 per share.

Byrne Asset Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,670 shares of the computer hardware maker's stock after acquiring an additional 3,802 shares during the quarter. NVIDIA makes up 3.7% of Byrne Asset Management LLC's investment portfolio, making the stock its 5th largest position. Byrne Asset Management LLC's holdings in NVIDIA were worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HFG Wealth Management LLC grew its position in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares during the last quarter. Burkett Financial Services LLC grew its position in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after buying an additional 70 shares during the last quarter. Elevate Wealth Advisory Inc. grew its position in shares of NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after buying an additional 77 shares during the last quarter. Ehrlich Financial Group grew its position in shares of NVIDIA by 2.4% in the 2nd quarter. Ehrlich Financial Group now owns 3,354 shares of the computer hardware maker's stock worth $530,000 after buying an additional 80 shares during the last quarter. Finally, Earnest Partners LLC grew its position in shares of NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after buying an additional 81 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NVDA traded up $6.94 during trading hours on Monday, hitting $183.61. The stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. 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 12 month low of $86.62 and a 12 month high of $184.55. The firm has a market capitalization of $4.46 trillion, a PE ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The stock has a fifty day moving average price of $175.73 and a 200 day moving average price of $143.85.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 101.74% and a net margin of 52.41%.The company 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 company posted $0.68 earnings per share. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NVDA. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Wolfe Research raised their target price on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and raised their target price for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Mizuho raised their target price on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, New Street Research lifted their price objective on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Four equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $208.47.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction dated Friday, September 12th. The stock was 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 in the company, valued at $1,380,937,396.57. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,914,341 shares of company stock worth $662,228,310. Company insiders own 4.17% of the company's stock.

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.