NVIDIA Corporation $NVDA Shares Bought by CHURCHILL MANAGEMENT Corp

Key Points

• CHURCHILL MANAGEMENT Corp increased its holdings in NVIDIA Corporation by 4.4% during Q2, acquiring an additional 16,368 shares, bringing its total ownership to 388,633 shares valued at approximately $61.4 million.
• Insider activity revealed that CEO Jen Hsun Huang sold 75,000 shares for about $13.6 million, indicating a 0.11% decrease in his overall ownership of the company.
• Wall Street analysts remain optimistic about NVIDIA, with five analysts rating it as a "Strong Buy" and a consensus price target of $222.23, reflecting strong growth expectations.

CHURCHILL MANAGEMENT Corp increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,633 shares of the computer hardware maker's stock after buying an additional 16,368 shares during the quarter. NVIDIA comprises approximately 0.7% of CHURCHILL MANAGEMENT Corp's investment portfolio, making the stock its 21st largest holding. CHURCHILL MANAGEMENT Corp's holdings in NVIDIA were worth $61,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVDA. Brighton Jones LLC boosted its position in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its position in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its position in NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. boosted its position in NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker's stock worth $715,000 after purchasing an additional 896 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total transaction of $13,575,750.00. Following the transaction, the chief executive officer owned 70,333,203 shares of the company's stock, valued at $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 3,753,937 shares of company stock worth $667,769,026 in the last three months. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NVDA shares. Cantor Fitzgerald set a $300.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Wolfe Research lifted their price target on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Hsbc Global Res raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Stock Performance

NASDAQ NVDA opened at $183.22 on Friday. The stock has a 50-day moving average of $179.40 and a two-hundred day moving average of $153.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a market cap of $4.45 trillion, a P/E ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid 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 was Thursday, September 11th. NVIDIA's dividend 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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