Diversify Advisory Services LLC Purchases 279,147 Shares of NVIDIA Corporation $NVDA

Key Points

• Diversify Advisory Services LLC increased its NVIDIA shares by 34.3%, now holding a total of 1,093,200 shares valued at approximately $172.7 million, making it the firm's largest holding.
• NVIDIA reported earnings of $1.05 per share, surpassing analyst expectations and achieving a 55.6% increase in revenue year-over-year.
• Several analysts have set optimistic price targets for NVIDIA, with estimates ranging as high as $225, indicating a strong outlook for the company's stock performance.

Diversify Advisory Services LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,093,200 shares of the computer hardware maker's stock after purchasing an additional 279,147 shares during the quarter. NVIDIA accounts for 6.8% of Diversify Advisory Services LLC's investment portfolio, making the stock its biggest holding. Diversify Advisory Services LLC's holdings in NVIDIA were worth $172,715,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the 1st 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. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 0.8%

Shares of NVDA opened at $183.22 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market capitalization of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a 50-day simple moving average of $179.40 and a 200-day simple moving average of $153.63.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 $0.01 dividend. This represents a $0.04 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NVDA shares. The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the stock a "buy" rating in a report on Monday, October 6th. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a report on Tuesday, September 23rd. Robert W. Baird upped their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $222.23.

Insider Buying and Selling

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the company's 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 sale, the director directly owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,678,937 shares of company stock valued at $654,837,526 over the last quarter. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.