Northstar Advisory Group LLC Increases Holdings in NVIDIA Corporation $NVDA

Key Points

• Northstar Advisory Group LLC increased its stake in NVIDIA Corporation by 73.5% in Q2, now holding over 104,000 shares valued at approximately $16.5 million, making it the fund's second largest investment.
• As of its last earnings report, NVIDIA posted $1.05 EPS and a revenue of $46.74 billion, exceeding expectations and demonstrating a 55.6% year-over-year revenue growth.
• NVIDIA's stock has a current market cap of $4.29 trillion and is performing well, with a 52-week stock range of $86.62 to $184.48.

Northstar Advisory Group LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 73.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,618 shares of the computer hardware maker's stock after acquiring an additional 44,332 shares during the period. NVIDIA accounts for about 8.1% of Northstar Advisory Group LLC's investment portfolio, making the stock its 2nd largest position. Northstar Advisory Group LLC's holdings in NVIDIA were worth $16,529,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVDA. Brighton Jones LLC raised its holdings in NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock valued at $315,100,000 after purchasing an additional 22,929 shares during the period. Highview Capital Management LLC DE grew its position in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after buying an additional 3,653 shares in the last quarter. Hudson Value Partners LLC grew its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of NVIDIA by 1.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after buying an additional 13,700 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.7%

Shares of NASDAQ NVDA traded down $4.98 during trading hours on Tuesday, hitting $178.63. The stock had a trading volume of 112,995,200 shares, compared to its average volume of 234,105,422. The company has a market capitalization of $4.34 trillion, a P/E ratio of 50.88, a P/E/G ratio of 1.28 and a beta of 2.10. The firm's 50-day moving average price is $176.12 and its two-hundred day moving average price is $144.35. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.14%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Wolfe Research boosted their price target on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday. JPMorgan Chase & Co. restated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a report on Friday. Finally, Rosenblatt Securities restated a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $208.76.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $158.35, for a total transaction of $11,876,250.00. Following the completion of the transaction, the chief executive officer directly owned 75,023,225 shares in the company, valued at $11,879,927,678.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 297,797 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,109,874 shares of company stock valued at $698,280,697 in the last three months. 4.17% of the stock is owned by corporate insiders.

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.