IronOak Wealth LLC. Makes New Investment in NVIDIA Corporation $NVDA

Key Points

• IronOak Wealth LLC has purchased 29,944 shares of NVIDIA Corporation, valued at approximately $4.73 million, making it the firm's second-largest holding.
• NVIDIA reported $1.05 earnings per share for the last quarter, surpassing analysts' expectations, and its revenue increased by 55.6% year-over-year.
• Institutional investors own 65.27% of NVIDIA's stock, with various firms boosting their stakes in the company significantly during the previous quarter.

IronOak Wealth LLC. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,944 shares of the computer hardware maker's stock, valued at approximately $4,731,000. NVIDIA accounts for 4.6% of IronOak Wealth LLC.'s holdings, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of NVIDIA by 1.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE increased its stake in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC increased its stake in shares of NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Forum Financial Management LP increased its stake in shares of NVIDIA by 28.2% during the 4th quarter. Forum Financial Management LP now owns 189,998 shares of the computer hardware maker's stock worth $25,515,000 after purchasing an additional 41,757 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. This trade represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,022,407 shares of company stock valued at $700,382,754. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NVDA opened at $187.24 on Thursday. The firm has a market cap of $4.55 trillion, a PE ratio of 53.34, a price-to-earnings-growth ratio of 1.35 and a beta of 2.12. The company's fifty day moving average is $177.52 and its two-hundred day moving average is $147.17. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $188.14. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for 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 for the quarter was up 55.6% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Jefferies Financial Group restated a "buy" rating and set a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a research report on Monday. Rosenblatt Securities restated a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Truist Financial raised their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Barclays restated an "overweight" rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $211.00.

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.

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.