NVIDIA Corporation $NVDA is Beacon Investment Advisory Services Inc.'s 10th Largest Position

Key Points

• Beacon Investment Advisory Services Inc. reduced its holdings in NVIDIA Corporation by 7.2%, making it the firm's 10th largest position.
• NVIDIA reported $1.05 earnings per share for the last quarter, surpassing analysts' expectations of $1.01, with revenue also exceeding forecasts at $46.74 billion.
• Recent analyst reports have adjusted NVIDIA's price targets upward, with KeyCorp setting a target of $250.00 and Morgan Stanley at $210.00.

Beacon Investment Advisory Services Inc. lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,895 shares of the computer hardware maker's stock after selling 24,500 shares during the quarter. NVIDIA makes up 2.2% of Beacon Investment Advisory Services Inc.'s investment portfolio, making the stock its 10th largest holding. Beacon Investment Advisory Services Inc.'s holdings in NVIDIA were worth $49,908,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC increased its holdings in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after buying an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVIDIA stock opened at $187.62 on Monday. The business has a 50 day simple moving average of $178.11 and a 200 day simple moving average of $148.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market capitalization of $4.56 trillion, a PE ratio of 53.45, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm 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 business's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. KeyCorp reissued an "overweight" rating and set a $250.00 target price (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Mizuho increased their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $211.00.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,971,893 shares of company stock worth $694,502,352 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

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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