NVIDIA Corporation $NVDA Shares Acquired by Diversified Enterprises LLC

Key Points

• Diversified Enterprises LLC increased its stake in NVIDIA Corporation by 2.5%, owning a total of 87,207 shares worth approximately $13.78 million.
• Multiple institutional investors, including Legend Financial Advisors Inc. and Kathleen S. Wright Associates Inc., have made significant changes to their positions in NVIDIA, indicating strong interest from hedge funds.
• Despite recent transactions including substantial insider selling, Wall Street analysts have generally maintained a favorable outlook on NVIDIA, with a consensus target price of $212.84 and numerous buy ratings.

Diversified Enterprises LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,207 shares of the computer hardware maker's stock after acquiring an additional 2,111 shares during the quarter. NVIDIA comprises about 1.0% of Diversified Enterprises LLC's investment portfolio, making the stock its 16th biggest holding. Diversified Enterprises LLC's holdings in NVIDIA were worth $13,778,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the second quarter valued at approximately $55,000. 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. Westend Capital Management LLC grew its position in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after buying an additional 145 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. Finally, 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. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Daiwa Capital Markets lifted their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Four equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $212.84.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value 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 trade represents a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,925,379 shares of company stock worth $694,277,421 in the last quarter. 4.17% of the stock is currently owned by company 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 1.39 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 $150.49. 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 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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