NVIDIA Corporation $NVDA Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,204 shares of the computer hardware maker's stock after acquiring an additional 20,076 shares during the quarter. NVIDIA comprises about 1.4% of Avior Wealth Management LLC's investment portfolio, making the stock its 13th biggest holding. Avior Wealth Management LLC's holdings in NVIDIA were worth $40,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the second quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. grew its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Robert W. Baird raised their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Morgan Stanley raised their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Stifel Nicolaus raised their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Four equities research 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 stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $212.84.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the transaction, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,925,379 shares of company stock worth $694,277,421. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Down 4.9%

NVIDIA stock opened at $183.16 on Friday. The company has a market capitalization of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.32 and a beta of 2.12. The firm's fifty day simple moving average is $179.16 and its 200-day simple moving average is $150.75. 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 Corporation has a 1-year low of $86.62 and a 1-year 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 earnings per share 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 the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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 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 dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

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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