Naples Global Advisors LLC Has $9.23 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Naples Global Advisors LLC increased its stake in NVIDIA Corporation by 23.9% during Q2, now holding a position worth $9.23 million with 58,406 shares owned.
• Several large investors significantly boosted their holdings in NVIDIA, with Kingstone Capital Partners increasing its shares by 267,959.7%, now owning 382 million shares valued at $64.98 billion.
• NVIDIA reported a quarterly earnings per share (EPS) of $1.05, exceeding expectations, and a total revenue of $46.74 billion, reflecting a 55.6% increase year-over-year.

Naples Global Advisors LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,406 shares of the computer hardware maker's stock after purchasing an additional 11,253 shares during the quarter. NVIDIA comprises approximately 0.8% of Naples Global Advisors LLC's holdings, making the stock its 24th largest holding. Naples Global Advisors LLC's holdings in NVIDIA were worth $9,228,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in NVIDIA during the 1st quarter worth about $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Finally, Amundi increased its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research reports. KeyCorp reiterated an "overweight" rating and set a $250.00 target price (up previously from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Mizuho raised their price objective on NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 13th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. Finally, Craig Hallum raised their target price on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $222.23.

NVIDIA Trading Up 0.8%

Shares of NVDA stock opened at $183.22 on Friday. The firm has a 50 day moving average price of $179.40 and a two-hundred day moving average price of $153.27. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.45 trillion, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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. The firm 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 business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock valued at $667,769,026 over the last three months. 4.17% of the stock is owned by insiders.

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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