Golden State Equity Partners Has $32.80 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Golden State Equity Partners increased its stake in NVIDIA Corporation by 7.7%, owning 207,632 shares valued at approximately $32.80 million, making it the fund's largest position.
• Recent insider transactions included Director Harvey C. Jones selling 250,000 shares and CEO Jen Hsun Huang selling 75,000 shares, indicating a decrease in their ownership stakes.
• Analyst ratings for NVIDIA are largely positive, with multiple firms raising their price targets, leading to an average target price of $211.00 and an overall average rating of "Moderate Buy."

Golden State Equity Partners increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,632 shares of the computer hardware maker's stock after buying an additional 14,796 shares during the quarter. NVIDIA comprises approximately 6.1% of Golden State Equity Partners' holdings, making the stock its largest position. Golden State Equity Partners' holdings in NVIDIA were worth $32,804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pachira Investments Inc. grew its stake in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after buying an additional 63 shares during the last quarter. HFG Wealth Management LLC grew its stake in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares during the last quarter. Burkett Financial Services LLC grew its stake in NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after buying an additional 70 shares during the last quarter. Guided Capital Wealth Management LLC grew its stake in NVIDIA by 0.3% during the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after buying an additional 70 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. grew its stake in NVIDIA by 0.4% during the 2nd quarter. Luts & Greenleigh Group Inc. now owns 19,894 shares of the computer hardware maker's stock worth $3,143,000 after buying an additional 76 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $182.34, for a total value of $13,675,500.00. Following the sale, the chief executive officer directly owned 71,233,203 shares of the company's stock, valued at approximately $12,988,662,235.02. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,022,407 shares of company stock valued at $700,382,754 over the last 90 days. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of several recent analyst reports. Stifel Nicolaus increased their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Robert W. Baird increased their price target on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, KeyCorp reissued an "overweight" rating and issued a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Trading Up 0.4%

Shares of NVIDIA stock opened at $187.24 on Thursday. 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 $4.55 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 business has a fifty day simple moving average of $177.52 and a 200-day simple moving average of $147.17. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $188.14.

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 the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend 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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