Hansen & Associates Financial Group Inc. Makes New Investment in NVIDIA Corporation $NVDA

Key Points

• Hansen & Associates Financial Group Inc. has taken a new position in NVIDIA Corporation, acquiring 8,442 shares worth approximately $1,332,000, making NVIDIA the 14th largest position in their portfolio.
• NVIDIA reported a quarterly revenue of $46.74 billion, exceeding estimates, with a year-over-year revenue increase of 55.6%, and earnings per share of $1.05, beating the consensus estimate by $0.04.
• Several research firms have issued positive ratings for NVIDIA, with targets as high as $250.00, indicating a consensus "Moderate Buy" among analysts.

Hansen & Associates Financial Group Inc. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 8,442 shares of the computer hardware maker's stock, valued at approximately $1,332,000. NVIDIA makes up about 0.7% of Hansen & Associates Financial Group Inc.'s investment portfolio, making the stock its 14th largest position.

Several other institutional investors also recently made changes to their positions in the stock. Pachira Investments Inc. grew its holdings in shares of 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 purchasing an additional 63 shares during the period. HFG Wealth Management LLC raised its position in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC raised its position in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after acquiring an additional 69 shares in the last quarter. Summit Financial Strategies Inc. raised its position in shares of NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock valued at $1,839,000 after acquiring an additional 69 shares in the last quarter. Finally, Burkett Financial Services LLC increased its position in NVIDIA by 1.3% in the second 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 period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVDA stock opened at $179.83 on Thursday. The stock's fifty day simple moving average is $179.37 and its 200 day simple moving average is $151.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.37 trillion, a price-to-earnings ratio of 51.23, a P/E/G ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for 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%.NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid 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 dividend payout ratio is 1.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Barclays reissued an "overweight" rating and issued a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Robert W. Baird raised 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. Finally, Loop Capital raised their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $222.23.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,828,937 shares of company stock valued at $680,708,026 over the last 90 days. 4.17% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.