Client 1ST Advisory Group LLC Has $5.20 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Client 1ST Advisory Group LLC increased its stake in NVIDIA Corporation by 301.9% during the second quarter, holding approximately $5.20 million worth of shares.
• Analysts have raised their price targets for NVIDIA, with a consensus average target now set at $222.23, reflecting a positive outlook on the stock.
• NVIDIA reported a 55.6% year-over-year revenue increase, achieving $1.05 EPS in its last quarter, surpassing expectations.

Client 1ST Advisory Group LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 301.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,900 shares of the computer hardware maker's stock after purchasing an additional 24,714 shares during the period. NVIDIA accounts for approximately 1.9% of Client 1ST Advisory Group LLC's portfolio, making the stock its 13th largest position. Client 1ST Advisory Group LLC's holdings in NVIDIA were worth $5,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vigilare Wealth Management lifted its position in shares of NVIDIA by 92.8% in the 2nd quarter. Vigilare Wealth Management now owns 18,943 shares of the computer hardware maker's stock worth $2,993,000 after purchasing an additional 9,117 shares during the period. First Pacific Financial lifted its position in shares of NVIDIA by 63.8% in the 2nd quarter. First Pacific Financial now owns 26,066 shares of the computer hardware maker's stock worth $4,118,000 after purchasing an additional 10,155 shares during the period. Deltec Asset Management LLC lifted its position in shares of NVIDIA by 12.6% in the 2nd quarter. Deltec Asset Management LLC now owns 161,342 shares of the computer hardware maker's stock worth $25,490,000 after purchasing an additional 18,000 shares during the period. Chelsea Counsel Co. lifted its position in shares of NVIDIA by 418.3% in the 2nd quarter. Chelsea Counsel Co. now owns 17,985 shares of the computer hardware maker's stock worth $2,842,000 after purchasing an additional 14,515 shares during the period. Finally, Trilogy Capital Inc. lifted its position in shares of NVIDIA by 4.5% in the 2nd quarter. Trilogy Capital Inc. now owns 69,584 shares of the computer hardware maker's stock worth $10,994,000 after purchasing an additional 2,972 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Morgan Stanley boosted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, Evercore ISI boosted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of "Buy" and an average price target of $222.23.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.22 on Friday. The firm has a 50-day moving average of $179.40 and a 200-day moving average of $152.97. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.31 and a beta of 2.12. 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 one year low of $86.62 and a one year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business 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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,753,937 shares of company stock worth $667,769,026. 4.17% of the stock is owned by company insiders.

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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