New Capital Management LP Takes Position in NVIDIA Corporation $NVDA

Key Points

• New Capital Management LP acquired 14,214 shares of NVIDIA Corporation valued at approximately $2,246,000, making it the firm's 19th largest holding.
• NVIDIA's recent earnings report exceeded analyst estimates, with a revenue of $46.74 billion and an EPS of $1.05.
• Several analysts have upgraded NVIDIA's stock, raising price targets to as high as $235.00, with the consensus rating currently at "Moderate Buy."

New Capital Management LP acquired a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,214 shares of the computer hardware maker's stock, valued at approximately $2,246,000. NVIDIA comprises 0.6% of New Capital Management LP's investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC boosted its position in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after buying an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. boosted its position in shares of NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after buying an additional 77 shares in the last quarter. Earnest Partners LLC raised its stake in NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after purchasing an additional 81 shares during the last quarter. Retirement Wealth Solutions LLC raised its stake in NVIDIA by 2.0% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker's stock valued at $659,000 after purchasing an additional 81 shares during the last quarter. Finally, High Note Wealth LLC raised its stake in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after purchasing an additional 91 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Craig Hallum boosted 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. Robert W. Baird boosted their target price on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI boosted their target price on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Finally, Loop Capital boosted their target price on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Stock Performance

NVDA traded up $0.43 during trading hours on Friday, hitting $176.67. 236,580,653 shares of the stock were exchanged, compared to its average volume of 177,120,144. The stock has a 50-day simple moving average of $175.73 and a 200-day simple moving average of $143.62. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a market cap of $4.29 trillion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. 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, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue 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. Analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares in the company, valued at approximately $12,646,350,673.26. This trade 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, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is owned by corporate insiders.

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.