NVIDIA Corporation $NVDA Shares Purchased by Arvest Investments Inc.

Key Points

• Arvest Investments Inc. increased its stake in NVIDIA Corporation by 15.5%, owning 20,720 shares worth approximately $3.27 million after buying an additional 2,778 shares.
• Several brokerages have raised their price targets for NVIDIA, with UBS Group setting a target of $205.00 and Raymond James boosting it to $165.00, reflecting positive sentiment about the company's growth potential.
• NVIDIA reported earnings of $1.05 per share, exceeding estimates of $1.01, while revenues reached $46.74 billion, marking a 55.6% year-on-year increase.

Arvest Investments Inc. raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,720 shares of the computer hardware maker's stock after acquiring an additional 2,778 shares during the period. Arvest Investments Inc.'s holdings in NVIDIA were worth $3,274,000 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 business. Burkett Financial Services LLC increased its holdings in shares of NVIDIA by 1.3% during the second quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after buying an additional 70 shares in the last quarter. Elevate Wealth Advisory Inc. raised its position in shares of NVIDIA by 1.7% during the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock valued at $500,000 after buying an additional 77 shares in the last quarter. Earnest Partners LLC increased its position in shares of NVIDIA by 0.7% in the first quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock valued at $1,228,000 after acquiring an additional 81 shares during the period. High Note Wealth LLC boosted its stake in NVIDIA by 0.5% during the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after acquiring an additional 91 shares in the last quarter. Finally, Kelly Financial Services LLC raised its holdings in shares of NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after purchasing an additional 94 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $5.95 during mid-day trading on Thursday, reaching $176.24. The company had a trading volume of 191,199,575 shares, compared to its average volume of 174,534,032. The company's 50-day moving average price is $175.25 and its 200-day moving average price is $142.59. 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 one year low of $86.62 and a one year high of $184.48. The firm has a market cap of $4.28 trillion, a price-to-earnings ratio of 50.21, a PEG ratio of 1.23 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on NVDA shares. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Benchmark lifted their price target on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Barclays upped their target price on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, September 12th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.47.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, September 15th. The shares were sold at an average price of $176.57, for a total value of $13,242,750.00. Following the completion of the transaction, the chief executive officer owned 72,023,366 shares of the company's stock, valued at approximately $12,717,165,734.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 297,797 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the sale, the director directly owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. This represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,975,304 shares of company stock worth $665,001,763. 4.17% of the stock is currently owned by insiders.

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.