Merit Financial Group LLC Purchases 52,915 Shares of NVIDIA Corporation $NVDA

Key Points

• Merit Financial Group LLC increased its stake in NVIDIA Corporation by 8.1%, purchasing an additional 52,915 shares, bringing its total holdings to 702,752 shares valued at approximately $111 million.
• Recent analyst reports have raised price targets for NVIDIA, with firms like Mizuho and Oppenheimer setting targets at $225 and $210 respectively, and a consensus target price of $222.23 from multiple analysts.
• NVIDIA reported a 55.6% year-over-year increase in revenue, posting $46.74 billion for the last quarter, and exceeding earnings per share estimates with $1.05.

Merit Financial Group LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 702,752 shares of the computer hardware maker's stock after buying an additional 52,915 shares during the period. NVIDIA accounts for approximately 1.2% of Merit Financial Group LLC's holdings, making the stock its 17th biggest position. Merit Financial Group LLC's holdings in NVIDIA were worth $111,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. boosted its stake 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 worth $44,000 after purchasing an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the second quarter worth $55,000. Campbell Capital Management Inc. boosted its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC boosted its position in shares of NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock worth $67,000 after acquiring an additional 321 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NVDA. Mizuho increased their price objective on shares of NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 13th. Wedbush reissued an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Oppenheimer restated an "outperform" rating and set a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research lifted their price objective on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Finally, Benchmark upped 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. Five research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Buy" and a consensus target price of $222.23.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $182.16 on Friday. The stock has a market cap of $4.43 trillion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The stock has a 50 day moving average price of $179.35 and a 200-day moving average price of $155.20. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during 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%.NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 EPS 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 paid a dividend of $0.01 per share. The ex-dividend date of this dividend 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 currently 1.14%.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was 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 in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,801,577 shares of company stock worth $678,643,875. Insiders own 4.17% of the company's stock.

About NVIDIA

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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