Ahara Advisors LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 89.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,555 shares of the computer hardware maker's stock after purchasing an additional 29,069 shares during the period. NVIDIA accounts for about 5.5% of Ahara Advisors LLC's holdings, making the stock its 4th biggest position. Ahara Advisors LLC's holdings in NVIDIA were worth $12,317,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Brighton Jones LLC increased its position in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of NVIDIA by 1.0% during the 4th 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 buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its holdings in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares during the period. Finally, Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after acquiring an additional 896 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Timothy S. Teter sold 30,000 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the sale, the executive vice president directly owned 2,687,660 shares in the company, valued at $585,587,360.80. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 63,501 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $220.06, for a total value of $13,974,030.06. Following the completion of the transaction, the director directly owned 4,558,770 shares in the company, valued at approximately $1,003,202,926.20. This represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,563,501 shares of company stock valued at $335,380,530. 3.94% of the stock is owned by corporate insiders.
NVIDIA Trading Up 3.2%
Shares of NVDA stock opened at $224.41 on Thursday. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm's 50 day moving average is $209.20 and its 200 day moving average is $201.53. The stock has a market capitalization of $5.41 trillion, a P/E ratio of 28.37, a P/E/G ratio of 1.71 and a beta of 2.22.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The firm had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. During the same period last year, the business posted $1.05 EPS. The company's revenue for the quarter was up 105.9% on a year-over-year basis. Research analysts expect that NVIDIA Corporation will post 9.1 earnings per share for the current year.
NVIDIA declared that its board has approved a stock repurchase program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA's payout ratio is 12.64%.
Analysts Set New Price Targets
NVDA has been the topic of a number of recent analyst reports. Itau BBA Securities lowered their price target on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. CICC Research upped their price target on shares of NVIDIA from $240.60 to $268.30 and gave the company an "outperform" rating in a research report on Friday, May 22nd. Craig Hallum boosted their price objective on shares of NVIDIA from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. New Street Research lowered their price objective on shares of NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Finally, China Renaissance boosted their price target on NVIDIA from $319.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $324.23.
View Our Latest Report on NVIDIA
Key Headlines Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
- Positive Sentiment: Strong server demand supported by Dell: Dell Technologies’ stronger-than-expected results and raised guidance reinforced NVIDIA’s view that enterprise and hyperscaler spending on AI servers remains strong. NVIDIA’s stock is climbing as investors get more confidence in an expanding base of AI customers
- Positive Sentiment: Potential Hugging Face acquisition: Reports that NVIDIA is in advanced discussions to acquire AI platform Hugging Face for roughly $13 billion to $14 billion lifted expectations that the company could strengthen CUDA adoption, developer retention and recurring software revenue. The deal remains unconfirmed and could face integration and neutrality concerns. Why Nvidia’s $14 Billion Hugging Face Deal Would Make Total Sense
- Positive Sentiment: Expansion beyond GPUs: NVIDIA’s investments and partnerships with MediaTek, Equinix and optical-networking startup iPronics could extend its reach into custom AI chips, inference, automotive computing and data-center connectivity. An reported $35 billion Anthropic cloud commitment also highlighted continued demand for NVIDIA-powered compute. NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Positive Sentiment: Analyst confidence remains high: J.P. Morgan reaffirmed a Buy rating and a $320 price target, citing strong AI-driven growth and expected demand for NVIDIA’s next-generation platforms. NVIDIA Buy Rating Reaffirmed
NVIDIA Profile
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Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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