NVIDIA Corporation $NVDA Stake Boosted by Triumph Capital Management

Triumph Capital Management increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,472 shares of the computer hardware maker's stock after purchasing an additional 3,352 shares during the quarter. NVIDIA accounts for about 1.4% of Triumph Capital Management's investment portfolio, making the stock its 15th largest holding. Triumph Capital Management's holdings in NVIDIA were worth $4,814,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Boyum Wealth Architects LLC bought a new position in NVIDIA during the second quarter worth $212,000. North Berkeley Wealth Management LLC lifted its stake in NVIDIA by 23.4% during the second quarter. North Berkeley Wealth Management LLC now owns 10,510 shares of the computer hardware maker's stock worth $1,660,000 after purchasing an additional 1,990 shares during the last quarter. Byrne Asset Management LLC lifted its stake in NVIDIA by 12.3% during the second quarter. Byrne Asset Management LLC now owns 34,670 shares of the computer hardware maker's stock worth $5,478,000 after purchasing an additional 3,802 shares during the last quarter. HFG Wealth Management LLC lifted its stake in NVIDIA by 3.4% during the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after purchasing an additional 68 shares during the last quarter. Finally, Veracity Capital LLC raised its position in shares of NVIDIA by 1.2% during the 2nd quarter. Veracity Capital LLC now owns 31,653 shares of the computer hardware maker's stock worth $5,001,000 after purchasing an additional 389 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $176.67 on Monday. The firm's 50 day simple moving average is $175.73 and its 200-day simple moving average is $143.85. The company has a market cap of $4.29 trillion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict 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. Stockholders of record on Thursday, September 11th will be paid 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 dividend yield of 0.0%. NVIDIA's dividend payout ratio is 1.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVDA. Mizuho increased their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Rosenblatt Securities increased their price target on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Daiwa Capital Markets upped their target price on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $208.47.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares of the company's stock, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,914,341 shares of company stock valued at $662,228,310. 4.17% of the stock is owned by 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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