NVIDIA Corporation $NVDA is Waycross Partners LLC's Largest Position

Key Points

• Waycross Partners LLC has made NVIDIA Corporation ($NVDA) its largest holding, increasing its position by 3.4% in the second quarter, owning 503,808 shares valued at approximately $79.6 million.
• NVIDIA recently reported quarterly earnings of $1.05 EPS, surpassing analyst estimates, with a revenue of $46.74 billion, marking a 55.6% increase from the previous year.
• Institutional ownership of NVIDIA stands at 65.27%, with analysts maintaining a favorable outlook, evidenced by multiple target price increases, including Mizuho's new target of $205.

Waycross Partners LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,808 shares of the computer hardware maker's stock after purchasing an additional 16,498 shares during the quarter. NVIDIA makes up about 7.5% of Waycross Partners LLC's portfolio, making the stock its biggest holding. Waycross Partners LLC's holdings in NVIDIA were worth $79,597,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. grew its stake 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 acquiring an additional 254 shares during the period. Copia Wealth Management acquired a new stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. grew its stake 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 valued at $65,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Down 0.7%

Shares of NVDA opened at $187.62 on Friday. The firm has a market cap of $4.56 trillion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $191.05. The company's 50-day moving average price is $178.11 and its 200 day moving average price is $148.15. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for 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 business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NVDA shares. Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Oppenheimer reaffirmed an "outperform" rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Truist Financial lifted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $211.00.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the business's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock valued at $714,378,504 over the last three months. 4.17% of the stock is currently owned by company insiders.

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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