Clarus Group Inc. Grows Position in NVIDIA Corporation $NVDA

Key Points

• Clarus Group Inc. increased its stake in NVIDIA Corporation by 9.4% in the second quarter, totaling 46,340 shares valued at approximately $7.3 million.
• Analysts have raised their price targets for NVIDIA, with Benchmark setting a new target at $220.00, reflecting a positive sentiment on the stock.
• NVIDIA recently reported a 55.6% year-over-year revenue growth, totaling $46.74 billion for the quarter, along with an earnings per share (EPS) of $1.05, surpassing expectations.

Clarus Group Inc. raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,340 shares of the computer hardware maker's stock after buying an additional 3,974 shares during the quarter. NVIDIA makes up approximately 2.7% of Clarus Group Inc.'s portfolio, making the stock its 12th biggest position. Clarus Group Inc.'s holdings in NVIDIA were worth $7,321,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC raised its stake in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in the 1st 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. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the 1st 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 period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NVDA. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. KeyCorp restated an "overweight" rating and issued a $250.00 price objective (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Barclays reaffirmed an "overweight" rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Wells Fargo & Company increased their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Piper Sandler set a $225.00 price target on NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Four investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.00.

NVIDIA Trading Down 0.7%

Shares of NVDA opened at $187.62 on Monday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The company has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. The stock has a fifty day moving average of $178.11 and a two-hundred day moving average of $148.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. 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. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In related news, 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 completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Persis Drell sold 40,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the transaction, the director directly owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,971,893 shares of company stock valued at $694,502,352 over the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Company 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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