NVIDIA Corporation $NVDA Shares Acquired by Valicenti Advisory Services Inc.

Key Points

• Valicenti Advisory Services Inc. increased its position in NVIDIA shares by 6.6%, holding 46,077 shares valued at approximately $7.28 million.
• Multiple hedge funds, including Legend Financial Advisors Inc. and Kathleen S. Wright Associates Inc., have recently altered their positions in NVIDIA, with Kathleen increasing its holdings by 169.3%.
• NVIDIA's stock has received several buy ratings from analysts, with target prices increasing, the highest being $220.00 from Jefferies Financial Group.

Valicenti Advisory Services Inc. raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,077 shares of the computer hardware maker's stock after acquiring an additional 2,847 shares during the quarter. NVIDIA makes up about 1.7% of Valicenti Advisory Services Inc.'s holdings, making the stock its 20th largest holding. Valicenti Advisory Services Inc.'s holdings in NVIDIA were worth $7,280,000 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. increased its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC increased its holdings in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several recent research reports. Stifel Nicolaus increased their price target on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday, September 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Finally, Citigroup reaffirmed a "buy" rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $212.84.

Insider Activity at NVIDIA

In related news, 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 value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total value of $13,405,500.00. Following the completion of the transaction, the chief executive officer owned 73,748,225 shares of the company's stock, valued at approximately $13,181,757,736.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,775,379 shares of company stock worth $665,883,171. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Up 1.8%

NVDA opened at $192.57 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.30. The business has a fifty day simple moving average of $178.97 and a 200-day simple moving average of $150.06. The firm has a market cap of $4.68 trillion, a P/E ratio of 54.86, a P/E/G ratio of 1.37 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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, 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 during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business 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. 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 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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