Elevate Capital Advisors LLC Has $1.71 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Elevate Capital Advisors LLC significantly increased its stake in NVIDIA by 98.9%, owning 10,797 shares worth approximately $1.71 million as of the latest SEC filing.
• Several institutional investors, including Kingstone Capital Partners and Goldman Sachs Group Inc., also made substantial investments in NVIDIA during the second quarter, reflecting strong confidence in the company's growth.
• NVIDIA's stock was recently upgraded by multiple analysts, with new price targets ranging from $205.00 to $245.00, indicating a positive outlook from the market.

Elevate Capital Advisors LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 98.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,797 shares of the computer hardware maker's stock after purchasing an additional 5,370 shares during the quarter. Elevate Capital Advisors LLC's holdings in NVIDIA were worth $1,706,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC boosted its stake in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after purchasing an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Nuveen LLC bought a new position in shares of NVIDIA during the first quarter worth about $15,089,414,000. Finally, Amundi raised its position in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Daiwa Capital Markets raised their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Truist Financial raised their price objective on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Craig Hallum raised their price objective on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Citigroup reiterated a "buy" rating and issued a $210.00 target price (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $222.23.

NVIDIA Stock Down 0.8%

NVDA stock opened at $181.16 on Wednesday. The stock's fifty day simple moving average is $179.37 and its two-hundred day simple moving average is $154.43. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The stock has a market cap of $4.40 trillion, a P/E ratio of 51.61, a P/E/G ratio of 1.32 and a beta of 2.12.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at $12,856,442,266.14. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 3,753,937 shares of company stock valued at $669,548,776 in the last 90 days. 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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