NVIDIA Corporation $NVDA Stake Boosted by LCM Capital Management Inc

Key Points

• LCM Capital Management Inc has increased its stake in NVIDIA by 3.3%, now owning 72,818 shares valued at approximately $11.5 million, making it the firm's fourth largest holding.
• NVIDIA reported $1.05 earnings per share, exceeding analysts' expectations, with revenue of $46.74 billion for the quarter, marking a year-over-year increase of 55.6%.
• The company recently declared a quarterly dividend of $0.01 per share, with the ex-dividend date set for September 11th, representing a negligible yield of 0.0%.

LCM Capital Management Inc increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,818 shares of the computer hardware maker's stock after buying an additional 2,309 shares during the period. NVIDIA comprises approximately 6.0% of LCM Capital Management Inc's holdings, making the stock its 4th largest holding. LCM Capital Management Inc's holdings in NVIDIA were worth $11,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Astoria Portfolio Advisors LLC. grew its stake in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group grew its stake in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the last quarter. GSB Wealth Management LLC increased its position in NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC increased its position in NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc increased its position in NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 2.5%

Shares of NASDAQ:NVDA opened at $186.44 on Wednesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $187.35. The company has a market capitalization of $4.53 trillion, a PE ratio of 53.12, a PEG ratio of 1.32 and a beta of 2.10. The business has a 50 day moving average of $177.20 and a two-hundred day moving average of $146.90. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the company posted $0.68 earnings per share. NVIDIA's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NVDA shares. DA Davidson upgraded NVIDIA from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Stifel Nicolaus boosted their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. restated a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. Finally, Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $211.00.

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares of the company's stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer directly owned 74,648,225 shares of the company's stock, valued at approximately $12,269,182,261. The trade was a 0.10% 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 valued at $700,382,754 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA 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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