HCR Wealth Advisors Grows Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• HCR Wealth Advisors increased its stake in NVIDIA Corporation by 3.0% in the second quarter, now holding 299,374 shares valued at approximately $47.3 million.
• NVIDIA reported a 55.6% year-over-year revenue growth with $46.74 billion, beating analysts' expectations for the quarter ending August 27th.
• Following recent stock sales by insiders, 65.27% of NVIDIA's shares are owned by institutional investors and hedge funds, highlighting significant investment interest in the company.

HCR Wealth Advisors increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,374 shares of the computer hardware maker's stock after buying an additional 8,698 shares during the quarter. NVIDIA accounts for about 5.6% of HCR Wealth Advisors' investment portfolio, making the stock its 4th largest position. HCR Wealth Advisors' holdings in NVIDIA were worth $47,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NVDA. Pachira Investments Inc. increased its position in shares of NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after buying an additional 63 shares in the last quarter. HFG Wealth Management LLC grew its stake in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after acquiring an additional 68 shares during the period. Hidden Cove Wealth Management LLC increased its holdings in shares of NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $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 second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock worth $1,839,000 after purchasing an additional 69 shares during the period. Finally, Burkett Financial Services LLC lifted its holdings in shares of NVIDIA by 1.3% during the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA opened at $180.12 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company's fifty day simple moving average is $179.36 and its 200 day simple moving average is $151.77. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company has a market cap of $4.38 trillion, a price-to-earnings ratio of 51.32, a PEG ratio of 1.36 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on 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 transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,678,937 shares of company stock valued at $653,013,526. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NVDA shares. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Morgan Stanley upped their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. Craig Hallum increased their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Mizuho boosted their price target on NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Monday. Finally, DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and lifted their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $214.15.

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.