NVIDIA Corporation $NVDA Shares Acquired by Chelsea Counsel Co.

Key Points

• Chelsea Counsel Co. increased its stake in NVIDIA by 418.3% during the second quarter, acquiring an additional 14,515 shares, bringing its total holdings to 17,985 shares valued at approximately $2,842,000.
• NVIDIA reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $46.74 billion, marking a 55.6% increase from the previous year.
• Analysts have set a bullish outlook for NVIDIA, with a majority rating it as a "buy" and an average price target of $222.23, indicating potential upside from the current trading levels.

Chelsea Counsel Co. increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 418.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,985 shares of the computer hardware maker's stock after buying an additional 14,515 shares during the period. NVIDIA comprises approximately 1.4% of Chelsea Counsel Co.'s holdings, making the stock its 21st biggest position. Chelsea Counsel Co.'s holdings in NVIDIA were worth $2,842,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. lifted its position in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% in the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% in the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the last quarter. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% in the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Financial Perspectives Inc lifted its position in NVIDIA by 2.8% in the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $183.22 on Friday. The firm's 50 day simple moving average is $179.40 and its 200-day simple moving average is $152.97. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate 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%. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently 1.14%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Citigroup restated a "buy" rating and set a $210.00 price target (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the stock a "buy" rating in a research report on Monday, October 6th. UBS Group set a $320.00 price target on shares of NVIDIA in a research report on Wednesday. Finally, Benchmark boosted their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $222.23.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at approximately $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,753,937 shares of company stock valued at $667,769,026. Corporate insiders own 4.17% of the company's stock.

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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