Franklin Street Advisors Inc. NC Has $119.94 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Franklin Street Advisors Inc. NC reduced its holdings in NVIDIA Corporation by 2.9% in Q2, now owning approximately 759,159 shares valued at $119.94 million, making it their largest investment.
• Recent insider transactions reveal Director Mark A. Stevens sold 350,000 shares for over $61 million, while CEO Jen Hsun Huang sold 75,000 shares valued at approximately $13.36 million.
• Analyst ratings for NVIDIA are notably positive, with benchmarks raising price targets to as high as $244, indicating strong market confidence in the stock's performance.

Franklin Street Advisors Inc. NC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 759,159 shares of the computer hardware maker's stock after selling 22,660 shares during the quarter. NVIDIA accounts for about 7.4% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its biggest holding. Franklin Street Advisors Inc. NC's holdings in NVIDIA were worth $119,940,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Brighton Jones LLC increased its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after acquiring an additional 22,929 shares during the period. Highview Capital Management LLC DE grew its stake in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC grew its stake in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Wealth Group Ltd. grew its stake in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after acquiring an additional 896 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,828,937 shares of company stock valued at $682,264,276. 4.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Benchmark lifted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Arete lifted their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Finally, Barclays reissued an "overweight" rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $222.23.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $182.64 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company has a market capitalization of $4.44 trillion, a P/E ratio of 52.03, a P/E/G ratio of 1.32 and a beta of 2.12. The firm's 50 day simple moving average is $179.41 and its two-hundred day simple moving average is $154.25.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. 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 1.14%.

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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