Heritage Financial Services LLC Buys 16,714 Shares of NVIDIA Corporation $NVDA

Key Points

• Heritage Financial Services LLC increased its stake in NVIDIA Corporation by 65.9%, now holding 42,092 shares worth approximately $6.65 million as of their latest SEC filing.
• Several large investors have also significantly boosted their positions in NVIDIA, with Kingstone Capital Partners enhancing its stake by an astonishing 267,959.7% during the same quarter.
• NVIDIA reported a 55.6% year-over-year revenue increase to $46.74 billion, exceeding expectations and announcing quarterly earnings of $1.05 per share.

Heritage Financial Services LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 65.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,092 shares of the computer hardware maker's stock after purchasing an additional 16,714 shares during the quarter. NVIDIA makes up 0.6% of Heritage Financial Services LLC's investment portfolio, making the stock its 14th largest position. Heritage Financial Services LLC's holdings in NVIDIA were worth $6,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at about $15,089,414,000. Finally, Amundi boosted its position in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.22 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a 50 day moving average price of $179.40 and a two-hundred day moving average price of $152.97. The company has a market capitalization of $4.45 trillion, a P/E ratio of 52.20, a PEG ratio of 1.31 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 earnings per share for the quarter, beating 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 the consensus estimate of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 3,753,937 shares of company stock valued at $667,769,026 in the last ninety days. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Hsbc Global Res upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Mizuho boosted their target price on NVIDIA from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Buy" and a consensus price target of $222.23.

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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