NVIDIA Corporation $NVDA Shares Bought by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC increased its holdings in NVIDIA by 9.3%, now owning over 402,000 shares, making it their third largest position worth approximately $63.55 million.
• Recent analyst upgrades have led to a consensus rating of "Buy" for NVIDIA, with price targets reaching as high as $222.23.
• NVIDIA's quarterly earnings exceeded expectations, reporting an EPS of $1.05 against a consensus of $1.01, with revenue soaring 55.6% year-over-year to approximately $46.74 billion.

Boston Common Asset Management LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,248 shares of the computer hardware maker's stock after buying an additional 34,379 shares during the quarter. NVIDIA accounts for 1.8% of Boston Common Asset Management LLC's portfolio, making the stock its 3rd largest position. Boston Common Asset Management LLC's holdings in NVIDIA were worth $63,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. boosted 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 worth $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at $51,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the second quarter valued at approximately $55,000. Campbell Capital Management Inc. grew its holdings in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Finally, Luken Investment Analytics LLC grew its holdings in NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after purchasing an additional 321 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NVDA shares. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research report on Sunday. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a "buy" rating and set a $220.00 target price (up previously from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Finally, Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Trading Down 0.5%

NASDAQ NVDA opened at $180.28 on Thursday. The company has a market cap of $4.38 trillion, a PE ratio of 51.36, a PEG ratio of 1.31 and a beta of 2.12. 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 12 month low of $86.62 and a 12 month high of $195.62. The stock has a 50 day moving average of $179.34 and a 200-day moving average of $154.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the transaction, the chief executive officer owned 70,108,203 shares of the company's stock, valued at approximately $12,856,442,266.14. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 3,753,937 shares of company stock worth $669,548,776 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

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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