NVIDIA Corporation $NVDA Shares Bought by Avondale Wealth Management

Avondale Wealth Management grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,605 shares of the computer hardware maker's stock after acquiring an additional 3,675 shares during the quarter. NVIDIA comprises about 2.1% of Avondale Wealth Management's investment portfolio, making the stock its 12th largest holding. Avondale Wealth Management's holdings in NVIDIA were worth $3,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC lifted its holdings in 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 purchasing an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in NVIDIA by 2.9% in the first 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 worth $22,412,434,000 after purchasing an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. lifted its holdings in NVIDIA by 123.5% in the first 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 stake in NVIDIA in the first quarter worth about $15,089,414,000. Finally, Amundi lifted its holdings in NVIDIA by 16.0% in 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 during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock opened at $188.32 on Tuesday. 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 one year low of $86.62 and a one year high of $195.62. The firm has a market capitalization of $4.58 trillion, a PE ratio of 53.65, a P/E/G ratio of 1.32 and a beta of 2.12. The firm has a 50-day moving average of $179.32 and a two-hundred day moving average of $151.57.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid 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 dividend payout ratio is currently 1.14%.

Analyst Ratings Changes

NVDA has been the subject of several research analyst reports. Loop Capital upped their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research upped their price objective on shares of NVIDIA from $220.00 to $230.00 in a report on Tuesday, September 23rd. TD Cowen upped their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given 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 a consensus target price of $213.37.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer directly owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. This trade represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,753,937 shares of company stock valued at $665,807,776 over the last ninety days. Insiders own 4.17% of the company's stock.

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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