BTC Capital Management Inc. lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 324,742 shares of the computer hardware maker's stock after selling 5,434 shares during the period. NVIDIA makes up about 4.2% of BTC Capital Management Inc.'s holdings, making the stock its 3rd largest position. BTC Capital Management Inc.'s holdings in NVIDIA were worth $51,274,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its position 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 worth $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its position in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on NVDA shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research report on Tuesday, September 23rd. Wedbush reiterated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI boosted their price objective on NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Mizuho boosted their price objective on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.82.
Check Out Our Latest Stock Report on NVDA
Insider Transactions at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,050,558 shares of company stock valued at $701,164,609. Corporate insiders own 4.17% of the company's stock.
NVIDIA Price Performance
Shares of NVIDIA stock opened at $178.19 on Monday. 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 firm has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The business's 50-day moving average price is $176.60 and its 200-day moving average price is $146.20. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company 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 business posted $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.
NVIDIA Company 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.
See Also
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