NVIDIA Corporation $NVDA Shares Acquired by Verde Capital Management

Key Points

• Verde Capital Management increased its stake in NVIDIA Corporation by 4.1%, making it the 8th largest position in its portfolio with holdings valued at approximately $9.2 million.
• NVIDIA reported a significant 55.6% revenue increase year-over-year, with quarterly earnings of $1.05 per share, surpassing analysts' expectations.
• Numerous research firms have raised their price targets for NVIDIA, with Oppenheimer setting a new target of $225.00 and Morgan Stanley at $210.00, reflecting strong investor confidence.

Verde Capital Management lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,234 shares of the computer hardware maker's stock after acquiring an additional 2,276 shares during the period. NVIDIA accounts for approximately 2.3% of Verde Capital Management's holdings, making the stock its 8th biggest holding. Verde Capital Management's holdings in NVIDIA were worth $9,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Osprey Private Wealth LLC boosted its stake in shares of NVIDIA by 2.7% during the 2nd quarter. Osprey Private Wealth LLC now owns 84,655 shares of the computer hardware maker's stock worth $13,489,000 after purchasing an additional 2,225 shares during the period. Somerset Trust Co raised its position in NVIDIA by 5.1% during the 2nd quarter. Somerset Trust Co now owns 7,806 shares of the computer hardware maker's stock valued at $1,233,000 after purchasing an additional 377 shares in the last quarter. Versant Capital Management Inc lifted its stake in NVIDIA by 11.9% in the second quarter. Versant Capital Management Inc now owns 67,440 shares of the computer hardware maker's stock worth $10,655,000 after acquiring an additional 7,161 shares during the period. First Citizens Financial Corp boosted its stake in shares of NVIDIA by 23.6% during the second quarter. First Citizens Financial Corp now owns 8,744 shares of the computer hardware maker's stock valued at $1,381,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Modus Advisors LLC raised its position in shares of NVIDIA by 1.5% in the 2nd quarter. Modus Advisors LLC now owns 59,472 shares of the computer hardware maker's stock worth $9,396,000 after acquiring an additional 901 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $6.94 on Monday, reaching $183.61. The company's stock had a trading volume of 268,372,112 shares, compared to its average volume of 180,339,776. 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 has a market capitalization of $4.46 trillion, a P/E ratio of 52.31, a PEG ratio of 1.28 and a beta of 2.10. The stock has a 50-day moving average price of $176.12 and a 200-day moving average price of $144.35. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 company had revenue of $46.74 billion during 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 revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 297,797 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the sale, the executive vice president directly owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,164,341 shares of company stock worth $706,280,810 over the last three months. 4.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Sanford C. Bernstein restated an "outperform" rating and issued a $225.00 target price (up from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. TD Cowen upped their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA 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.