Fishman Jay A Ltd. MI raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 313,117 shares of the computer hardware maker's stock after buying an additional 21,271 shares during the period. NVIDIA comprises about 4.7% of Fishman Jay A Ltd. MI's portfolio, making the stock its 7th largest holding. Fishman Jay A Ltd. MI's holdings in NVIDIA were worth $49,469,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. PUREfi Wealth LLC raised its stake in shares of NVIDIA by 26.4% during the 2nd quarter. PUREfi Wealth LLC now owns 11,641 shares of the computer hardware maker's stock valued at $1,839,000 after buying an additional 2,432 shares during the last quarter. Chung Wu Investment Group LLC raised its stake in shares of NVIDIA by 4.1% during the 2nd quarter. Chung Wu Investment Group LLC now owns 14,866 shares of the computer hardware maker's stock valued at $2,349,000 after buying an additional 586 shares during the last quarter. Sendero Wealth Management LLC raised its stake in shares of NVIDIA by 2.3% during the 2nd quarter. Sendero Wealth Management LLC now owns 184,571 shares of the computer hardware maker's stock valued at $29,160,000 after buying an additional 4,225 shares during the last quarter. Petros Family Wealth LLC raised its stake in shares of NVIDIA by 7.1% during the 2nd quarter. Petros Family Wealth LLC now owns 19,956 shares of the computer hardware maker's stock valued at $3,153,000 after buying an additional 1,330 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its stake in shares of NVIDIA by 30.7% during the 2nd quarter. Vantage Investment Partners LLC now owns 349,029 shares of the computer hardware maker's stock valued at $55,143,000 after buying an additional 81,901 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Transactions at NVIDIA
In related news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total value of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at $13,098,897,766. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,577 shares of company stock worth $678,643,875 in the last ninety days. Insiders own 4.17% of the company's stock.
Wall Street Analysts Forecast Growth
NVDA has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Friday, September 19th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. New Street Research lifted their price target on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Hsbc Global Res upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $222.23.
Get Our Latest Report on NVDA
NVIDIA Trading Up 2.3%
Shares of NVIDIA stock opened at $186.26 on Friday. The stock has a market cap of $4.53 trillion, a P/E ratio of 53.07, a P/E/G ratio of 1.31 and a beta of 2.12. The stock's 50 day simple moving average is $179.46 and its 200-day simple moving average is $155.82. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. 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 issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business 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 for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's payout ratio is currently 1.14%.
About NVIDIA
(
Free Report)
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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