Charles Schwab Trust Co Boosts Holdings in NVIDIA Corporation $NVDA

Key Points

• Charles Schwab Trust Co increased its holdings in NVIDIA Corporation by 24.3% during the second quarter, owning 21,535 shares valued at approximately $3.4 million.
• Multiple institutional investors have also significantly raised their stakes in NVIDIA, with CAMPBELL CAPITAL MANAGEMENT INC. increasing its position by 5,900% in the first quarter.
• NVIDIA's stock has received numerous upgrades from analysts, with target prices now ranging from $205 to $228, indicating strong market confidence in the company.

Charles Schwab Trust Co raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,535 shares of the computer hardware maker's stock after purchasing an additional 4,213 shares during the period. Charles Schwab Trust Co's holdings in NVIDIA were worth $3,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at about $51,000. Bruce G. Allen Investments LLC raised its position 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 buying an additional 327 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter valued at about $55,000. Finally, Campbell Capital Management Inc. raised its position 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 buying an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. Citigroup reiterated a "buy" rating and issued a $210.00 target price (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Mizuho raised their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Truist Financial raised their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.84.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the completion of the transaction, the chief executive officer directly owned 70,558,203 shares in the company, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,925,379 shares of company stock worth $694,277,421. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA opened at $183.16 on Friday. The firm has a 50-day simple moving average of $179.16 and a two-hundred day simple moving average of $150.75. 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 $195.62. The stock has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS 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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The business'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. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 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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