DLK Investment Management LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,360 shares of the computer hardware maker's stock after buying an additional 1,759 shares during the period. DLK Investment Management LLC's holdings in NVIDIA were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Sunpointe LLC lifted its stake in shares of NVIDIA by 17.4% in the second quarter. Sunpointe LLC now owns 111,289 shares of the computer hardware maker's stock worth $17,584,000 after buying an additional 16,473 shares in the last quarter. Towerpoint Wealth LLC lifted its stake in shares of NVIDIA by 3.2% in the second quarter. Towerpoint Wealth LLC now owns 17,804 shares of the computer hardware maker's stock worth $2,813,000 after buying an additional 549 shares in the last quarter. Sapient Capital LLC lifted its stake in shares of NVIDIA by 0.4% in the second quarter. Sapient Capital LLC now owns 814,965 shares of the computer hardware maker's stock worth $128,764,000 after buying an additional 3,343 shares in the last quarter. Seaside Wealth Management Inc. lifted its stake in shares of NVIDIA by 30.0% in the second quarter. Seaside Wealth Management Inc. now owns 2,840 shares of the computer hardware maker's stock worth $449,000 after buying an additional 655 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in shares of NVIDIA by 27.8% in the second quarter. Pallas Capital Advisors LLC now owns 291,000 shares of the computer hardware maker's stock worth $45,975,000 after buying an additional 63,344 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on NVDA shares. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. Wedbush reaffirmed an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $208.76.
Get Our Latest Stock Report on NVDA
NVIDIA Trading Down 2.8%
Shares of NVDA stock opened at $178.43 on Wednesday. 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 stock has a market capitalization of $4.34 trillion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.10. The company has a 50 day moving average price of $176.28 and a 200 day moving average price of $144.59. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55.
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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.
Insiders Place Their Bets
In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the business'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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the business'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 transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,203,905 shares of company stock worth $722,009,402 in the last 90 days. Corporate insiders own 4.17% of the company's stock.
About NVIDIA
(
Free Report)
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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