Hengehold Capital Management LLC Raises Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Hengehold Capital Management LLC increased its stake in NVIDIA Corporation by 5.9%, owning 36,713 shares valued at approximately $5.8 million as of the end of the second quarter.
• Several institutional investors, including Sterneck Capital Management and Consolidated Capital Management, also raised their stakes in NVIDIA during the same period, indicating strong institutional interest.
• NVIDIA's recent earnings report showed an increase in revenue by 55.6% year-over-year, reporting $46.74 billion in revenue and surpassing analysts' expectations.

Hengehold Capital Management LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,713 shares of the computer hardware maker's stock after purchasing an additional 2,048 shares during the period. Hengehold Capital Management LLC's holdings in NVIDIA were worth $5,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterneck Capital Management LLC grew its stake in NVIDIA by 3.5% in the second quarter. Sterneck Capital Management LLC now owns 3,835 shares of the computer hardware maker's stock worth $606,000 after purchasing an additional 130 shares during the period. Ariose Capital Management Ltd purchased a new stake in NVIDIA in the second quarter worth $15,183,000. Consolidated Capital Management LLC grew its stake in NVIDIA by 24.0% in the second quarter. Consolidated Capital Management LLC now owns 54,728 shares of the computer hardware maker's stock worth $8,646,000 after purchasing an additional 10,587 shares during the period. Sage Rhino Capital LLC grew its stake in NVIDIA by 2.3% in the second quarter. Sage Rhino Capital LLC now owns 29,909 shares of the computer hardware maker's stock worth $4,725,000 after purchasing an additional 673 shares during the period. Finally, SFM LLC grew its stake in NVIDIA by 6.8% in the second quarter. SFM LLC now owns 20,721 shares of the computer hardware maker's stock worth $3,274,000 after purchasing an additional 1,325 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the sale, the chief executive officer directly owned 73,748,225 shares of the company's stock, valued at $13,181,757,736.50. The trade was a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 3,925,379 shares of company stock worth $694,277,421. 4.17% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp reissued an "overweight" rating and issued a $250.00 target price (up from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the stock an "overweight" rating in a research note on Thursday. Finally, Loop Capital increased their target price on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $212.84.

NVIDIA Stock Down 4.9%

NASDAQ NVDA opened at $183.16 on Friday. The stock's 50-day moving average price is $179.16 and its 200-day moving average price is $150.49. 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 Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 1.39 and a beta of 2.12.

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

NVIDIA Announces Dividend

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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.14%.

NVIDIA 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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