NVIDIA Corporation $NVDA Shares Bought by Independent Investors Inc.

Key Points

• Independent Investors Inc. increased its stake in NVIDIA Corporation by 115.3% in the second quarter, owning a total of 38,465 shares, valued at approximately $6,077,000.
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares of stock for over $13.5 million, reducing his ownership by 0.11% while still holding over 70 million shares.
• NVIDIA reported earnings of $1.05 per share for the latest quarter, exceeding expectations and showing a revenue increase of 55.6% year-over-year.

Independent Investors Inc. increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 115.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,465 shares of the computer hardware maker's stock after purchasing an additional 20,600 shares during the period. NVIDIA accounts for about 1.3% of Independent Investors Inc.'s portfolio, making the stock its 15th largest position. Independent Investors Inc.'s holdings in NVIDIA were worth $6,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Childress Capital Advisors LLC boosted its stake in NVIDIA by 8.3% in the 2nd quarter. Childress Capital Advisors LLC now owns 93,856 shares of the computer hardware maker's stock worth $14,828,000 after purchasing an additional 7,173 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. lifted its stake in NVIDIA by 3.2% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 4,123 shares of the computer hardware maker's stock valued at $651,000 after acquiring an additional 127 shares during the period. Lowery Thomas LLC lifted its stake in shares of NVIDIA by 10.3% in the 2nd quarter. Lowery Thomas LLC now owns 6,653 shares of the computer hardware maker's stock valued at $1,051,000 after purchasing an additional 620 shares during the period. OLD Point Trust & Financial Services N A lifted its stake in shares of NVIDIA by 4.3% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 6,050 shares of the computer hardware maker's stock valued at $956,000 after purchasing an additional 250 shares during the period. Finally, Consolidated Portfolio Review Corp lifted its stake in shares of NVIDIA by 12.7% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 43,386 shares of the computer hardware maker's stock valued at $6,855,000 after purchasing an additional 4,891 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the 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 completion of the sale, the chief executive officer directly owned 70,333,203 shares of the company's stock, valued at $12,731,013,075.03. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,753,937 shares of company stock worth $667,769,026 over the last three months. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $181.81 on Friday. The firm has a market capitalization of $4.42 trillion, a P/E ratio of 51.80, a P/E/G ratio of 1.30 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The firm's 50 day moving average is $179.39 and its two-hundred day moving average is $152.47. 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 posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business 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 company's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NVDA. Morgan Stanley boosted their price target on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Robert W. Baird boosted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research report on Thursday, October 9th. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Daiwa Capital Markets increased their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $222.23.

About NVIDIA

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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