Knights of Columbus Asset Advisors LLC Boosts Stake in NVIDIA Corporation $NVDA

Knights of Columbus Asset Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,115 shares of the computer hardware maker's stock after acquiring an additional 68,746 shares during the quarter. NVIDIA accounts for about 4.9% of Knights of Columbus Asset Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Knights of Columbus Asset Advisors LLC's holdings in NVIDIA were worth $80,751,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. Pachira Investments Inc. lifted its holdings in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock valued at $1,019,000 after buying an additional 63 shares during the period. Warner Financial Inc. increased its stake in NVIDIA by 2.3% in the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock valued at $460,000 after purchasing an additional 66 shares in the last quarter. HFG Wealth Management LLC increased its stake in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC increased its stake in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after purchasing an additional 69 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its stake in NVIDIA by 0.6% in the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock valued at $1,839,000 after purchasing an additional 69 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Daiwa Capital Markets upped their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Sunday, October 19th. Finally, UBS Group set a $320.00 target price on shares of NVIDIA in a research note on Wednesday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $222.23.

Insider Activity at NVIDIA

In related news, 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 value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,801,577 shares of company stock valued at $678,643,875. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 2.3%

Shares of NVDA stock opened at $186.26 on Friday. The company has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.07, a P/E/G ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62. The firm has a fifty day moving average of $179.46 and a 200-day moving average of $155.82. 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 released its 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 business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 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.

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