NVIDIA Corporation $NVDA is Raleigh Capital Management Inc.'s 6th Largest Position

Key Points

• Raleigh Capital Management Inc. has increased its holdings in NVIDIA Corporation by 11.5% during Q2, owning 31,822 shares valued at approximately $5.03 million, making it the firm's 6th largest position.
• NVIDIA reported a strong performance with $1.05 EPS for the quarter and revenue up 55.6% year-over-year, exceeding analyst estimates.
• Recent analyst reports have upgraded NVIDIA's rating, with new price targets set as high as $235.00, reflecting a strong outlook for the company.

Raleigh Capital Management Inc. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,822 shares of the computer hardware maker's stock after purchasing an additional 3,274 shares during the quarter. NVIDIA makes up approximately 2.1% of Raleigh Capital Management Inc.'s portfolio, making the stock its 6th biggest position. Raleigh Capital Management Inc.'s holdings in NVIDIA were worth $5,028,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Asio Capital LLC lifted its stake in NVIDIA by 1.7% during the second quarter. Asio Capital LLC now owns 168,213 shares of the computer hardware maker's stock worth $26,578,000 after purchasing an additional 2,795 shares during the last quarter. Spartan Planning & Wealth Management lifted its stake in NVIDIA by 80.3% during the second quarter. Spartan Planning & Wealth Management now owns 47,995 shares of the computer hardware maker's stock worth $7,583,000 after purchasing an additional 21,376 shares during the last quarter. Kavar Capital Partners Group LLC lifted its stake in NVIDIA by 1.8% during the second quarter. Kavar Capital Partners Group LLC now owns 168,651 shares of the computer hardware maker's stock worth $26,645,000 after purchasing an additional 2,906 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in NVIDIA by 1.1% during the second quarter. Janney Montgomery Scott LLC now owns 4,385,645 shares of the computer hardware maker's stock worth $692,888,000 after purchasing an additional 47,405 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its stake in NVIDIA by 21.9% during the second quarter. Venture Visionary Partners LLC now owns 261,088 shares of the computer hardware maker's stock worth $41,249,000 after purchasing an additional 46,904 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 2.8%

NASDAQ:NVDA opened at $188.32 on Tuesday. The firm has a market cap of $4.58 trillion, a P/E ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock's 50 day simple moving average is $179.32 and its 200-day simple moving average is $151.57. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $195.62.

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, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for 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 company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. Sanford C. Bernstein restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. restated a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. New Street Research raised their price target on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $213.37.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the firm's stock in a transaction that occurred on 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 $508,632,112.80. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,753,937 shares of company stock valued at $665,807,776 over the last three months. Insiders own 4.17% of the company's stock.

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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