Fortitude Advisory Group L.L.C. Boosts Holdings in NVIDIA Corporation $NVDA

Key Points

• Fortitude Advisory Group L.L.C. increased its holdings in NVIDIA Corporation by 24.7%, making it the largest position in their investment portfolio, valued at $21.6 million.
• Several other institutional investors, including Goldman Sachs and UBS AM, also significantly boosted their holdings in NVIDIA during the second quarter, indicating continued strong institutional interest in the stock.
• NVIDIA reported quarterly earnings of $1.05 per share, surpassing analyst expectations, with a revenue of $46.74 billion, reflecting a year-over-year growth of 55.6%.

Fortitude Advisory Group L.L.C. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,728 shares of the computer hardware maker's stock after buying an additional 27,106 shares during the period. NVIDIA accounts for 12.3% of Fortitude Advisory Group L.L.C.'s investment portfolio, making the stock its biggest position. Fortitude Advisory Group L.L.C.'s holdings in NVIDIA were worth $21,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC lifted 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NVIDIA by 2.9% in 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 worth $22,412,434,000 after buying an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% in 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 acquiring an additional 103,889,872 shares during the period. Nuveen LLC bought a new position in shares of NVIDIA in the first quarter valued at approximately $15,089,414,000. Finally, Amundi grew its stake in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 1.0%

Shares of NVDA stock opened at $182.16 on Friday. The business has a 50-day moving average price of $179.35 and a two-hundred day moving average price of $155.20. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.43 trillion, a P/E ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12.

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 company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. restated a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $222.23.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction 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 in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The shares were 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 approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,801,577 shares of company stock valued at $678,643,875. Insiders own 4.17% of the company's stock.

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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