Exchange Capital Management Inc. Invests $251,000 in NVIDIA Corporation $NVDA

Key Points

• Exchange Capital Management Inc. has invested approximately $251,000 in NVIDIA Corporation by acquiring 1,586 shares during the 2nd quarter.
• NVIDIA's recent quarterly earnings report showed an EPS of $1.05, exceeding analyst expectations, with revenue up 55.6% year-over-year, reaching $46.74 billion.
• Analysts are optimistic about NVIDIA, with several upgrading their ratings and price targets, including Bank of America raising its target from $220 to $235.

Exchange Capital Management Inc. bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,586 shares of the computer hardware maker's stock, valued at approximately $251,000.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Nuveen LLC purchased a new stake in NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Amundi increased its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.8%

NASDAQ:NVDA opened at $183.22 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. 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 debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business 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 released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict 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. 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Bank of America lifted their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Thursday, October 9th. Citigroup restated a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the stock a "buy" rating in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $222.23.

Insider Activity at NVIDIA

In related news, 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 completion of the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,678,937 shares of company stock worth $654,837,526 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA 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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