NVIDIA Corporation $NVDA Position Lifted by Asio Capital LLC

Key Points

• Asio Capital LLC increased its position in NVIDIA shares by 1.7%, holding 168,213 shares valued at approximately $26.58 million, making NVIDIA its second largest investment.
• CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock for $14.27 million, while CFO Colette Kress sold 30,500 shares for $5.38 million, indicating a notable insider selling trend.
• Several analysts have revised their target prices for NVIDIA, with updates raising the price target to as much as $225 as multiple firms maintained positive ratings on the stock.

Asio Capital LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,213 shares of the computer hardware maker's stock after buying an additional 2,795 shares during the quarter. NVIDIA comprises 4.4% of Asio Capital LLC's investment portfolio, making the stock its 2nd biggest holding. Asio Capital LLC's holdings in NVIDIA were worth $26,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pachira Investments Inc. raised its stake in shares of NVIDIA by 1.0% during the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares during the last quarter. HFG Wealth Management LLC boosted its stake in shares of NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after buying an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC grew its holdings in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after purchasing an additional 69 shares during the last quarter. Burkett Financial Services LLC grew its holdings in NVIDIA by 1.3% in the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after purchasing an additional 70 shares during the last quarter. Finally, Guided Capital Wealth Management LLC raised its holdings in shares of NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock worth $4,401,000 after acquiring an additional 70 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the completion of the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at approximately $13,420,170,210.60. This trade represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,753,937 shares of company stock valued at $665,807,776. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on NVDA. Daiwa Capital Markets increased their target price on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, October 8th. Evercore ISI raised their price objective on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Rosenblatt Securities restated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $213.37.

NVIDIA Stock Up 2.8%

Shares of NVDA stock opened at $188.32 on Tuesday. 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 stock has a market cap of $4.58 trillion, a PE ratio of 53.65, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The business's fifty day moving average is $179.32 and its 200-day moving average is $151.57. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given 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 1.14%.

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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