Hoertkorn Richard Charles Has $2.13 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Hoertkorn Richard Charles increased its stake in NVIDIA Corporation by 22.6% in the second quarter, owning a total of 13,491 shares valued at approximately $2.13 million.
• NVIDIA reported a 55.6% year-over-year revenue increase to $46.74 billion for the recent quarter, beating analyst estimates of $45.65 billion.
• The company announced a quarterly dividend of $0.01 per share, with shareholders of record to be issued this dividend on October 2nd.

Hoertkorn Richard Charles boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,491 shares of the computer hardware maker's stock after purchasing an additional 2,485 shares during the quarter. NVIDIA comprises 0.9% of Hoertkorn Richard Charles' holdings, making the stock its 24th biggest position. Hoertkorn Richard Charles' holdings in NVIDIA were worth $2,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC boosted its holdings in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, August 27th. Oppenheimer reissued an "outperform" rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. JPMorgan Chase & Co. restated a "buy" rating and set a $215.00 target price on shares of NVIDIA in a report on Friday. Mizuho increased their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $208.47.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the completion of the transaction, the chief executive officer owned 71,683,203 shares of the company's stock, valued at approximately $12,646,350,673.26. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the transaction, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,914,341 shares of company stock valued at $662,228,310 over the last 90 days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Down 0.6%

NASDAQ:NVDA traded down $1.13 during trading hours on Monday, hitting $175.54. The company had a trading volume of 42,793,635 shares, compared to its average volume of 233,524,422. The stock has a 50-day moving average price of $175.73 and a 200 day moving average price of $143.85. The company has a market capitalization of $4.27 trillion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 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.