NVIDIA Corporation $NVDA is Dakota Wealth Management's 9th Largest Position

Key Points

• Dakota Wealth Management increased its holdings in NVIDIA Corporation by 15.8%, making it the firm's 9th largest position, with holdings valued at approximately $66.5 million.
• Insider transactions included Director Persis Drell selling 40,000 shares, and CEO Jen Hsun Huang selling 75,000 shares, indicating a slight decrease in their ownership.
• Analysts remain positive on NVIDIA, with several firms issuing price targets around $210.00, suggesting continued expectations of growth for the stock.

Dakota Wealth Management boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,839 shares of the computer hardware maker's stock after acquiring an additional 57,294 shares during the period. NVIDIA accounts for approximately 1.4% of Dakota Wealth Management's investment portfolio, making the stock its 9th biggest position. Dakota Wealth Management's holdings in NVIDIA were worth $66,489,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG grew its stake in shares of NVIDIA by 1.0% in 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 during the period. Highview Capital Management LLC DE grew its stake in shares of 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 valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC grew its stake in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after buying an additional 11,900 shares during the period. Finally, Trust Co of the South grew its stake in shares of NVIDIA by 1.5% in the 1st quarter. Trust Co of the South now owns 6,760 shares of the computer hardware maker's stock valued at $733,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director Persis Drell sold 40,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the sale, the director directly owned 138,740 shares in the company, valued at approximately $24,647,161. This trade represents a 22.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the completion of the sale, the chief executive officer owned 71,083,203 shares in the company, valued at $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,921,593 shares of company stock valued at $686,502,137 over the last quarter. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Citigroup reissued a "buy" rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Stifel Nicolaus increased their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the company a "buy" rating in a research note on Monday. Finally, Mizuho upped their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $211.26.

NVIDIA Price Performance

NVIDIA stock opened at $185.54 on Tuesday. The firm has a market cap of $4.51 trillion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $191.05. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $178.29 and its two-hundred day moving average is $149.05.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. 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 dividend payout ratio (DPR) is presently 1.14%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.