Financial Harvest LLC Invests $1.66 Million in NVIDIA Corporation $NVDA

Key Points

• Financial Harvest LLC has invested approximately $1.66 million in NVIDIA Corporation, acquiring 10,534 shares, making it the 13th largest position in their portfolio.
• Corporate insiders sold over 4 million shares of NVIDIA stock recently, with Director Mark A. Stevens selling 350,000 shares valued at approximately $61.7 million.
• Analysts have raised their price targets for NVIDIA, with Jefferies Financial Group setting a new target at $220.00, contributing to a consensus rating of "Moderate Buy" and an average target price of $211.00.

Financial Harvest LLC purchased a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,534 shares of the computer hardware maker's stock, valued at approximately $1,664,000. NVIDIA comprises approximately 1.2% of Financial Harvest LLC's portfolio, making the stock its 13th largest position.

A number of other institutional investors have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. boosted its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the firm'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 value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,648,225 shares of the company's stock, valued at $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,022,407 shares of company stock valued at $700,382,754. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVDA shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a research note on Monday. Daiwa Capital Markets upped their price target on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and upped their price target for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company boosted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $187.24 on Thursday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $188.14. The company has a market cap of $4.55 trillion, a price-to-earnings ratio of 53.34, a price-to-earnings-growth ratio of 1.35 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 stock's 50-day moving average is $177.52 and its two-hundred day moving average is $147.17.

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

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.

About NVIDIA

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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