Childress Capital Advisors LLC Purchases 7,173 Shares of NVIDIA Corporation $NVDA

Key Points

• Childress Capital Advisors LLC increased its holdings in NVIDIA Corporation by 8.3%, owning a total of 93,856 shares valued at approximately $14.83 million following the acquisition of 7,173 additional shares in Q2.
• Several institutional investors have recently adjusted their positions in NVIDIA, with 65.27% of the stock now held by institutional investors and hedge funds.
• NVIDIA's stock is currently trading at $181.81, with a market capitalization of $4.42 trillion and an average analyst price target of $222.23, indicating a positive outlook for the company.

Childress Capital Advisors LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 93,856 shares of the computer hardware maker's stock after buying an additional 7,173 shares during the quarter. NVIDIA comprises about 3.7% of Childress Capital Advisors LLC's portfolio, making the stock its 5th biggest position. Childress Capital Advisors LLC's holdings in NVIDIA were worth $14,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the second quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. grew its holdings 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 acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC grew its holdings in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after acquiring an additional 145 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at $51,000. Finally, Bruce G. Allen Investments LLC grew its holdings in NVIDIA by 198.2% during 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 during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock worth $667,769,026 in the last 90 days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 1.1%

Shares of NASDAQ:NVDA opened at $181.81 on Friday. The stock's 50-day moving average price is $179.39 and its 200-day moving average price is $152.47. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The stock has a market capitalization of $4.42 trillion, a P/E ratio of 51.80, a price-to-earnings-growth ratio of 1.30 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) 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 period last year, the firm earned $0.68 earnings per share. The company'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. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NVDA. Citigroup reaffirmed a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. HSBC set a $320.00 price objective on NVIDIA and gave the stock a "buy" rating in a research report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday, August 28th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Craig Hallum increased their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $222.23.

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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