Marmo Financial Group LLC Takes $383,000 Position in NVIDIA Corporation $NVDA

Key Points

• Marmo Financial Group LLC has acquired a new position in NVIDIA Corporation, purchasing 2,425 shares valued at approximately $383,000, making it the firm's 23rd largest holding.
• Analysts have bullish sentiment towards NVIDIA, with several upgrades, including a target price increase from $140.00 to $235.00, reflecting strong confidence in the company's performance.
• Insiders at NVIDIA, including key figures like CEO Jen Hsun Huang, have sold substantial amounts of stock recently, raising questions about their confidence in the company's future, as insiders have sold shares worth $694.3 million over the last quarter.

Marmo Financial Group LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,425 shares of the computer hardware maker's stock, valued at approximately $383,000. NVIDIA accounts for 0.2% of Marmo Financial Group LLC's investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 2nd quarter valued at about $55,000. Finally, Campbell Capital Management Inc. increased its position in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVDA shares. TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Benchmark boosted their price objective on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.84.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the company'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 transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,925,379 shares of company stock valued at $694,277,421. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Down 4.9%

NASDAQ:NVDA opened at $183.16 on Friday. The company has a market cap of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.39 and a beta of 2.12. The stock's fifty day moving average price is $179.16 and its two-hundred day moving average price is $150.49. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62. 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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