Clare Market Investments LLC Raises Position in NVIDIA Corporation $NVDA

Key Points

• Clare Market Investments LLC increased its stake in NVIDIA Corporation by 6.3% in Q2, now holding 82,320 shares valued at $13 million.
• NVIDIA reported Q2 earnings of $1.05 EPS, surpassing estimates, with revenue reaching $46.74 billion, up 55.6% year-over-year.
• A number of analysts raised their price targets for NVIDIA, with Truist Financial increasing theirs from $210 to $228, reflecting a positive outlook on the stock.

Clare Market Investments LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,320 shares of the computer hardware maker's stock after purchasing an additional 4,881 shares during the period. NVIDIA comprises 2.9% of Clare Market Investments LLC's portfolio, making the stock its 8th largest holding. Clare Market Investments LLC's holdings in NVIDIA were worth $13,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. AHL Investment Management Inc. bought a new position in NVIDIA in the second quarter worth approximately $245,000. CWC Advisors LLC. increased its holdings in NVIDIA by 152.1% in the 2nd quarter. CWC Advisors LLC. now owns 29,148 shares of the computer hardware maker's stock valued at $4,605,000 after acquiring an additional 17,588 shares during the last quarter. Stolper Co bought a new stake in NVIDIA in the 2nd quarter valued at $340,000. Legacy Financial Strategies LLC increased its holdings in NVIDIA by 4.5% in the 2nd quarter. Legacy Financial Strategies LLC now owns 49,470 shares of the computer hardware maker's stock valued at $7,816,000 after acquiring an additional 2,142 shares during the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in NVIDIA by 3.3% in the 2nd quarter. Western Pacific Wealth Management LP now owns 38,259 shares of the computer hardware maker's stock valued at $6,045,000 after acquiring an additional 1,223 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Up 0.3%

NASDAQ NVDA opened at $178.19 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The firm has a market cap of $4.33 trillion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a 50 day moving average price of $176.60 and a 200 day moving average price of $145.78.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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 net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 EPS. NVIDIA'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, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 paid a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Truist Financial lifted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Evercore ISI lifted their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $209.82.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were 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 approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction 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. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,176,470 shares of company stock worth $720,979,162. 4.17% of the stock is owned by corporate insiders.

NVIDIA 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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