Charter Capital Management LLC DE Purchases Shares of 2,240 NVIDIA Corporation $NVDA

Key Points

• Charter Capital Management LLC purchased 2,240 shares of NVIDIA Corporation, valued at approximately $354,000, during the second quarter, indicating increasing institutional investment in the company.
• Directors Persis Drell and Mark A. Stevens sold significant amounts of NVIDIA stock, with total sales of over $68 million, reflecting insider trading activity within the company.
• NVIDIA’s stock recently hit a twelve-month high of $191.05 and reported revenue of $46.74 billion for the quarter, exceeding analysts' expectations.

Charter Capital Management LLC DE purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,240 shares of the computer hardware maker's stock, valued at approximately $354,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bannerman Wealth Management Group LLC grew its holdings in shares of NVIDIA by 15.8% during the second quarter. Bannerman Wealth Management Group LLC now owns 12,834 shares of the computer hardware maker's stock worth $2,028,000 after purchasing an additional 1,752 shares during the last quarter. Boyce & Associates Wealth Consulting Inc. grew its holdings in shares of NVIDIA by 2.6% during the second quarter. Boyce & Associates Wealth Consulting Inc. now owns 25,984 shares of the computer hardware maker's stock worth $4,105,000 after purchasing an additional 657 shares during the last quarter. Norden Group LLC grew its holdings in shares of NVIDIA by 14.2% during the second quarter. Norden Group LLC now owns 163,455 shares of the computer hardware maker's stock worth $25,824,000 after purchasing an additional 20,333 shares during the last quarter. Legacy Financial Group LLC grew its holdings in shares of NVIDIA by 16.9% during the second quarter. Legacy Financial Group LLC now owns 5,426 shares of the computer hardware maker's stock worth $857,000 after purchasing an additional 785 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its holdings in shares of NVIDIA by 10.3% during the second quarter. Accurate Wealth Management LLC now owns 96,867 shares of the computer hardware maker's stock worth $15,894,000 after purchasing an additional 9,061 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the company'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 completion of the transaction, the director directly owned 138,740 shares of the company's stock, valued at $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,097,407 shares of company stock valued at $714,378,504 in the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $187.62 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. The stock has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a PEG ratio of 1.36 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business's fifty day moving average price is $178.11 and its 200 day moving average price is $148.36.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last 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. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on NVDA. Wells Fargo & Company raised their price target on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Loop Capital raised their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. KeyCorp reaffirmed an "overweight" rating and issued a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a report on Tuesday. Finally, Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $211.00.

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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