NVIDIA Corporation $NVDA Shares Acquired by Oak Family Advisors LLC

Key Points

• Oak Family Advisors LLC increased its stake in NVIDIA Corporation by 266.4% during the second quarter, owning 16,499 shares worth approximately $2.6 million as per its latest SEC filing.
• Several hedge funds, including Kingstone Capital Partners Texas LLC, significantly boosted their holdings, with Kingstone acquiring 382 million shares valued at nearly $65 billion.
• NVIDIA's stock price reached a 52-week high of $195.62, while the company recently reported $46.74 billion in revenue for the quarter, surpassing analyst estimates.

Oak Family Advisors LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 266.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,499 shares of the computer hardware maker's stock after acquiring an additional 11,996 shares during the quarter. Oak Family Advisors LLC's holdings in NVIDIA were worth $2,607,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its holdings in shares of NVIDIA by 267,959.7% during 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 purchasing an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NVIDIA by 2.9% during 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 valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC purchased a new position in NVIDIA during the 1st quarter valued at about $15,089,414,000. Finally, Amundi boosted its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NVDA shares. Stifel Nicolaus raised their target price on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. Barclays restated an "overweight" rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Jefferies Financial Group restated a "buy" rating and set a $220.00 target price (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Needham & Company LLC restated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Finally, Daiwa Capital Markets lifted their price objective on NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $214.15.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred 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 transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the transaction, the chief executive officer directly owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,678,937 shares of company stock valued at $653,013,526 over the last quarter. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $180.12 on Wednesday. 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 fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market capitalization of $4.38 trillion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 1.36 and a beta of 2.12. The stock's 50-day simple moving average is $179.36 and its 200-day simple moving average is $151.77.

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 for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

NVIDIA Company 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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