Fortitude Family Office LLC Increases Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Fortitude Family Office LLC has increased its holdings in NVIDIA Corporation by 66.4%, now owning 16,732 shares valued at approximately $2,643,000.
• In addition to Fortitude, multiple institutional investors, including Kingstone Capital Partners and Goldman Sachs Group Inc., have significantly boosted their stakes in NVIDIA during the second quarter.
• NVIDIA recently reported quarterly earnings of $1.05 EPS, exceeding analysts' expectations, and announced a quarterly dividend of $0.01 per share.

Fortitude Family Office LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 66.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,732 shares of the computer hardware maker's stock after acquiring an additional 6,676 shares during the quarter. NVIDIA comprises approximately 0.9% of Fortitude Family Office LLC's portfolio, making the stock its 28th biggest position. Fortitude Family Office LLC's holdings in NVIDIA were worth $2,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its position in 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 buying an additional 382,231,120 shares during the period. Nuveen LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 valued at $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of 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 valued at $3,864,026,000 after buying an additional 23,948,733 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $188.89 on Friday. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. The firm has a market cap of $4.59 trillion, a P/E ratio of 53.81, a PEG ratio of 1.35 and a beta of 2.12. The company has a 50 day moving average of $177.83 and a 200 day moving average of $147.65. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 EPS. The firm's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In other 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 directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the sale, the chief executive officer owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,097,407 shares of company stock valued at $714,378,504 over the last three months. Insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVDA shares. Evercore ISI boosted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. New Street Research lifted their target price on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Wall Street Zen upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Four investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $211.00.

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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