NVIDIA Corporation $NVDA Shares Bought by Aspire Capital Advisors LLC

Key Points

• Aspire Capital Advisors LLC increased its stake in NVIDIA Corporation by 11.3% in Q2, acquiring an additional 1,401 shares, bringing its total holdings to 13,816 shares valued at approximately $2.18 million.
• Hedge funds have shown significant interest in NVIDIA, with Kingstone Capital Partners raising its position by an astounding 267,959.7%, now owning over 382 million shares worth nearly $65 billion.
• Analysts have been optimistic about NVIDIA, with several firms raising their price targets, including Mizuho, who increased it to $205 and gave it an "outperform" rating.

Aspire Capital Advisors LLC grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,816 shares of the computer hardware maker's stock after buying an additional 1,401 shares during the quarter. Aspire Capital Advisors LLC's holdings in NVIDIA were worth $2,183,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research firms have recently commented on NVDA. Benchmark boosted their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Mizuho boosted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Wolfe Research upped their price objective on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Citigroup reaffirmed a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, Barclays reiterated an "overweight" rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Four 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $211.00.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $186.61, for a total value of $13,995,750.00. Following the completion of the transaction, the chief executive officer owned 71,083,203 shares in the company, valued at approximately $13,264,836,511.83. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company's 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 sale, the director directly owned 7,399,803 shares in the company, valued at approximately $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. Insiders sold a total of 3,971,893 shares of company stock worth $694,502,352 over the last ninety days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 0.7%

NASDAQ:NVDA opened at $187.62 on Monday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The stock's fifty day moving average is $178.11 and its two-hundred day moving average is $148.57. The stock has a market capitalization of $4.56 trillion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 1.36 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 issued its quarterly earnings data 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. 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 analysts' expectations of $45.65 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio is currently 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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