NVIDIA Corporation $NVDA Holdings Increased by Patron Partners LLC

Key Points

• Patron Partners LLC increased its holdings in NVIDIA Corporation by 3.9% during Q2, making NVIDIA its second-largest investment, valued at approximately $8.49 million.
• Several analysts have upgraded NVIDIA's stock rating to buy, with an average price target of $211.26 after the company reported strong earnings, exceeding expectations with $1.05 EPS and revenue of $46.74 billion.
• Insider transactions included significant stock sales by CFO Colette Kress and CEO Jen Hsun Huang, reflecting a decrease in their ownership positions following sales for a total value over $19 million.

Patron Partners LLC lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,740 shares of the computer hardware maker's stock after buying an additional 2,042 shares during the quarter. NVIDIA makes up about 4.2% of Patron Partners LLC's holdings, making the stock its 2nd biggest holding. Patron Partners LLC's holdings in NVIDIA were worth $8,490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. grew its position in shares of NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after buying an additional 864 shares during the period. Centerpoint Advisory Group increased its holdings in shares of NVIDIA by 2.5% during the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. GSB Wealth Management LLC raised its position in shares of NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC boosted its stake in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Craig Hallum lifted their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Finally, Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.26.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $185.04 on Wednesday. The business has a 50-day simple moving average of $178.48 and a two-hundred day simple moving average of $149.30. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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 business 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%.The business's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares of the company's stock, valued at approximately $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,947,622 shares of company stock valued at $694,333,235. Corporate 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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