NVIDIA Corporation $NVDA Position Lifted by CogentBlue Wealth Advisors LLC

Key Points

• CogentBlue Wealth Advisors LLC increased its stake in NVIDIA Corporation by 69.9% during the second quarter, owning over 20,551 shares worth approximately $3.25 million.
• Several major investors, including Goldman Sachs and Kingstone Capital, have significantly raised their holdings in NVIDIA, indicating a strong interest in the stock, which is currently owned 65.27% by institutional investors.
• NVIDIA reported a 55.6% year-over-year increase in revenue in its latest earnings call, achieving $46.74 billion in revenue and exceeding analyst expectations with an EPS of $1.05.

CogentBlue Wealth Advisors LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 69.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,551 shares of the computer hardware maker's stock after acquiring an additional 8,458 shares during the quarter. NVIDIA makes up 2.5% of CogentBlue Wealth Advisors LLC's portfolio, making the stock its 12th biggest position. CogentBlue Wealth Advisors LLC's holdings in NVIDIA were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC increased its holdings in shares of NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $15,089,414,000. Finally, Amundi increased its holdings in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVDA. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. Weiss Ratings reissued a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday. Citigroup reissued a "buy" rating and set a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.84.

NVIDIA Price Performance

Shares of NVDA opened at $183.16 on Friday. The firm has a market cap of $4.45 trillion, a PE ratio of 52.18, a PEG ratio of 1.39 and a beta of 2.12. The firm's 50 day moving average price is $179.16 and its 200 day moving average price is $150.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62.

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, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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 payout ratio is currently 1.14%.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 70,558,203 shares in the company, valued at approximately $13,420,170,210.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at $508,632,112.80. This represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,925,379 shares of company stock worth $694,277,421 in the last 90 days. 4.17% of the stock is owned by corporate insiders.

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.

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