HWG Holdings LP Buys 109,326 Shares of NVIDIA Corporation $NVDA

Key Points

• HWG Holdings LP increased its stake in NVIDIA Corporation by 3,179.0%, now owning 112,765 shares valued at approximately $17.8 million, making it the sixth largest position in their portfolio.
• Director Harvey C. Jones sold 250,000 shares of NVIDIA for a total of $44.05 million, representing a 3.36% decrease in his holdings, while CEO Jen Hsun Huang sold 75,000 shares, also reducing his stake.
• NVIDIA reported earnings of $1.05 per share in its latest quarter, exceeding analyst expectations, with revenue of $46.74 billion, a 55.6% increase compared to the same quarter last year.

HWG Holdings LP boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3,179.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,765 shares of the computer hardware maker's stock after acquiring an additional 109,326 shares during the period. NVIDIA accounts for 5.2% of HWG Holdings LP's portfolio, making the stock its 6th largest position. HWG Holdings LP's holdings in NVIDIA were worth $17,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in NVIDIA during the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% during the first 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 owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,302,450 shares of company stock worth $740,755,443 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $176.97 on Thursday. The firm has a 50-day moving average price of $176.39 and a 200 day moving average price of $144.81. The firm has a market capitalization of $4.30 trillion, a PE ratio of 50.42, a P/E/G ratio of 1.29 and a beta of 2.10. 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 $184.55.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. 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 is currently 1.14%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wedbush reiterated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research report on Tuesday. Mizuho upped their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Barclays restated an "overweight" rating on shares of NVIDIA in a research report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $208.76.

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.

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.