Old North State Wealth Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 35,547 shares of the computer hardware maker's stock after buying an additional 5,484 shares during the period. NVIDIA accounts for approximately 2.9% of Old North State Wealth Management LLC's portfolio, making the stock its 7th largest position. Old North State Wealth Management LLC's holdings in NVIDIA were worth $5,618,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. increased its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Westend Capital Management LLC grew its position in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its position 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 worth $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
NVIDIA Price Performance
NASDAQ NVDA opened at $185.04 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $178.48 and a 200 day simple moving average of $149.30. The company has a market cap of $4.50 trillion, a P/E ratio of 52.72, a P/E/G ratio of 1.34 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 EPS. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
Insider Buying and Selling
In related news, CFO Colette Kress sold 30,500 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares in the company, valued at $13,164,745,535.37. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,947,622 shares of company stock worth $694,333,235 over the last quarter. 4.17% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on NVDA shares. Citigroup reaffirmed a "buy" rating and set a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research note on Friday, October 3rd. The Goldman Sachs Group set a $210.00 target price on shares of NVIDIA and gave the company a "buy" rating in a research note on Monday. Finally, Evercore ISI raised their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $211.26.
Read Our Latest Analysis on NVDA
NVIDIA Profile
(
Free Report)
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.
Further Reading
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