NVIDIA Corporation $NVDA Shares Purchased by Gries Financial LLC

Key Points

• Gries Financial LLC increased its position in NVIDIA by 26.1% during the second quarter, holding 40,206 shares valued at approximately $6.35 million.
• Institutional investors now own 65.27% of NVIDIA's stock, with significant increases from several hedge funds, including a 267,959.7% increase from Kingstone Capital Partners.
• NVIDIA recently reported $46.74 billion in quarterly revenue, up 55.6% year-over-year, alongside an earnings per share of $1.05, surpassing analyst expectations.

Gries Financial LLC increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 26.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,206 shares of the computer hardware maker's stock after purchasing an additional 8,321 shares during the quarter. NVIDIA makes up 1.2% of Gries Financial LLC's portfolio, making the stock its 10th biggest position. Gries Financial LLC's holdings in NVIDIA were worth $6,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC lifted its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. raised its stake in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Morgan Stanley upped their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Robert W. Baird increased their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Barclays restated an "overweight" rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Finally, Mizuho raised their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.00.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $164.36, for a total transaction of $12,327,000.00. Following the completion of the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at $12,269,182,261. 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 available through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,022,407 shares of company stock worth $700,382,754 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $187.24 on Thursday. 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 Corporation has a 52-week low of $86.62 and a 52-week high of $188.14. The firm has a market cap of $4.55 trillion, a price-to-earnings ratio of 53.34, a PEG ratio of 1.35 and a beta of 2.12. The business's fifty day moving average is $177.52 and its 200 day moving average is $147.17.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the company posted $0.68 EPS. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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