NBC Securities Inc. Grows Position in NVIDIA Corporation $NVDA

Key Points

• NBC Securities Inc. increased its ownership of NVIDIA Corporation by 7.1% in the second quarter, acquiring a total of 96,645 shares valued at approximately $15.27 million.
• Several institutional investors, including Brighton Jones and Hudson Value Partners, also boosted their positions, reflecting strong interest in NVIDIA as it holds a significant portion of institutional ownership at 65.27%.
• NVIDIA's quarterly earnings exceeded expectations, with revenue of $46.74 billion and an earnings per share of $1.05, indicating a year-over-year revenue increase of 55.6%.

NBC Securities Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,645 shares of the computer hardware maker's stock after buying an additional 6,373 shares during the period. NVIDIA comprises approximately 1.2% of NBC Securities Inc.'s investment portfolio, making the stock its 6th biggest holding. NBC Securities Inc.'s holdings in NVIDIA were worth $15,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of NVIDIA by 12.4% in 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 during the last quarter. Bank Pictet & Cie Europe AG grew its position in shares of NVIDIA by 1.0% in 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 during the last quarter. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% in 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 during the last quarter. Hudson Value Partners LLC grew its position in shares of NVIDIA by 30.7% in 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 during the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of NVIDIA by 1.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock valued at $99,072,000 after purchasing an additional 13,700 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NVDA. Truist Financial upped their target price on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $208.47.

Insider Buying and Selling

In related news, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director directly owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,020,022 shares of company stock valued at $677,418,500 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.2%

NASDAQ NVDA opened at $176.67 on Friday. 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 Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. The business's fifty day moving average is $175.73 and its 200 day moving average is $143.44.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the business posted $0.68 EPS. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

NVIDIA 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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