NVIDIA Corporation $NVDA is Pallas Capital Advisors LLC's 7th Largest Position

Key Points

• Pallas Capital Advisors LLC increased its stake in NVIDIA Corporation by 27.8% during Q2, making it the firm's 7th largest position with holdings worth $45.975 million.
• NVIDIA reported a $1.05 EPS for the most recent quarter, exceeding analyst expectations, and saw a 55.6% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.01 to be paid on October 2nd, representing an annual yield of 0.0%.

Pallas Capital Advisors LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 27.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 291,000 shares of the computer hardware maker's stock after purchasing an additional 63,344 shares during the period. NVIDIA accounts for 1.8% of Pallas Capital Advisors LLC's investment portfolio, making the stock its 7th largest position. Pallas Capital Advisors LLC's holdings in NVIDIA were worth $45,975,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Copia Wealth Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $50,000. Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC lifted its stake in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. raised its holdings in NVIDIA by 5,900.0% in 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 2.8%

NASDAQ NVDA opened at $178.43 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.10. The company's 50-day simple moving average is $176.28 and its two-hundred day simple moving average is $144.59. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates 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 company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities 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 will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. KeyCorp restated an "overweight" rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Bank of America increased their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Citigroup reduced their target price on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Finally, Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $208.76.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,203,905 shares of company stock valued at $722,009,402 over the last three months. Company 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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