Fox Hill Wealth Management raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 24.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,692 shares of the computer hardware maker's stock after purchasing an additional 13,336 shares during the period. NVIDIA makes up approximately 5.6% of Fox Hill Wealth Management's holdings, making the stock its 2nd largest holding. Fox Hill Wealth Management's holdings in NVIDIA were worth $10,853,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of NVDA. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% in 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 period. Copia Wealth Management purchased a new position in shares of NVIDIA in the fourth quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the first quarter worth about $51,000. Bruce G. Allen Investments LLC grew its stake in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Activity
In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $157.02, for a total value of $11,776,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,398,225 shares in the company, valued at $11,839,029,289.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the transaction, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,819,522 shares of company stock worth $642,506,300. Insiders own 4.17% of the company's stock.
Wall Street Analyst Weigh In
NVDA has been the topic of several recent analyst reports. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI raised their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. Truist Financial raised their target price on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $225.00 price objective (up from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $208.47.
Check Out Our Latest Analysis on NVDA
NVIDIA Stock Up 0.2%
Shares of NVDA stock traded up $0.43 during trading hours on Friday, hitting $176.67. 236,580,653 shares of the company's stock traded hands, compared to its average volume of 177,120,144. The stock's fifty day simple moving average is $175.73 and its two-hundred day simple moving average is $143.44. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The stock has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10. 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 released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business 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. On average, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
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 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.
About NVIDIA
(
Free Report)
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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