Magnus Financial Group LLC Acquires 3,602 Shares of NVIDIA Corporation $NVDA

Key Points

• Magnus Financial Group LLC increased its holdings in NVIDIA Corporation by 8.6% in Q2, acquiring an additional 3,602 shares to reach a total of 45,347 shares valued at $7,164,000.
• NVIDIA's quarterly earnings surpassed estimates, with an EPS of $1.05, compared to an expected $1.01, and a revenue of $46.74 billion, marking a 55.6% increase year-over-year.
• The company declared a quarterly dividend of $0.01 per share, reflecting an annualized dividend of $0.04 and a payout ratio of 1.14%.

Magnus Financial Group LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,347 shares of the computer hardware maker's stock after purchasing an additional 3,602 shares during the period. Magnus Financial Group LLC's holdings in NVIDIA were worth $7,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NVDA. Brighton Jones LLC grew its position in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock valued at $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC grew its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Trust Co of the South grew its position in shares of NVIDIA by 1.5% during the first quarter. Trust Co of the South now owns 6,760 shares of the computer hardware maker's stock valued at $733,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 1.1%

Shares of NASDAQ NVDA opened at $185.54 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market cap of $4.51 trillion, a P/E ratio of 52.86, a PEG ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05. The firm has a 50-day simple moving average of $178.29 and a two-hundred day simple moving average of $149.05.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Mizuho lifted 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. KeyCorp reiterated an "overweight" rating and issued a $250.00 price target (up previously from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Finally, Daiwa Capital Markets lifted their price target on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $211.26.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction that occurred 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 sale, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,921,593 shares of company stock worth $686,502,137 over the last three months. Company insiders own 4.17% of the company's stock.

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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