NVIDIA Corporation $NVDA is OAKMONT Corp's 4th Largest Position

OAKMONT Corp decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 22.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,344 shares of the computer hardware maker's stock after selling 104,935 shares during the quarter. NVIDIA makes up approximately 10.3% of OAKMONT Corp's holdings, making the stock its 4th largest holding. OAKMONT Corp's holdings in NVIDIA were worth $58,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. grew its holdings 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 valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter worth about $55,000. Finally, Campbell Capital Management Inc. grew its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00. Following the transaction, the chief executive officer directly owned 73,748,225 shares of the company's stock, valued at $13,181,757,736.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,925,379 shares of company stock valued at $694,277,421 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $183.16 on Friday. The business's 50 day moving average is $179.16 and its two-hundred day moving average is $150.75. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given 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 of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVDA. Benchmark boosted their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. reiterated a "buy" rating and set a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. Wolfe Research boosted their target price on NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. Cantor Fitzgerald set a $300.00 target price on NVIDIA and gave the stock an "overweight" rating in a report on Thursday. Finally, Barclays reiterated an "overweight" rating and set a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $212.84.

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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