NVIDIA Corporation $NVDA Stock Position Increased by Deltec Asset Management LLC

Key Points

• Deltec Asset Management LLC increased its stake in NVIDIA Corporation by 12.6%, now holding 161,342 shares valued at approximately $25.49 million.
• NVIDIA reported a quarterly earnings per share (EPS) of $1.05, exceeding analysts' expectations, with revenue growth of 55.6% year-over-year.
• The company's recent quarterly dividend was declared at $0.01 per share, with a low annual dividend yield of 0.0%.

Deltec Asset Management LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,342 shares of the computer hardware maker's stock after acquiring an additional 18,000 shares during the quarter. NVIDIA comprises about 4.5% of Deltec Asset Management LLC's investment portfolio, making the stock its 6th biggest holding. Deltec Asset Management LLC's holdings in NVIDIA were worth $25,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chelsea Counsel Co. raised its stake in NVIDIA by 418.3% during the 2nd quarter. Chelsea Counsel Co. now owns 17,985 shares of the computer hardware maker's stock worth $2,842,000 after acquiring an additional 14,515 shares during the period. Trilogy Capital Inc. increased its position in NVIDIA by 4.5% in the second quarter. Trilogy Capital Inc. now owns 69,584 shares of the computer hardware maker's stock worth $10,994,000 after purchasing an additional 2,972 shares during the last quarter. QTR Family Wealth LLC increased its position in NVIDIA by 30.4% in the second quarter. QTR Family Wealth LLC now owns 44,275 shares of the computer hardware maker's stock worth $6,995,000 after purchasing an additional 10,319 shares during the last quarter. Trust Co. of Vermont increased its position in NVIDIA by 0.6% in the second quarter. Trust Co. of Vermont now owns 338,333 shares of the computer hardware maker's stock worth $53,453,000 after purchasing an additional 1,872 shares during the last quarter. Finally, BCO Wealth Management LLC purchased a new position in NVIDIA during the second quarter worth $453,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.8%

Shares of NVDA opened at $183.22 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The company has a market capitalization of $4.45 trillion, a PE ratio of 52.20, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The stock has a fifty day simple moving average of $179.40 and a two-hundred day simple moving average of $152.97. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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 (EPS) for the quarter, topping 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 business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 EPS. The company'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, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was 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 currently 1.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVDA. Oppenheimer reissued an "outperform" rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI boosted their target price on shares of NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Stifel Nicolaus boosted their target price on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $222.23.

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction 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 in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction dated 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 owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,753,937 shares of company stock worth $667,769,026. 4.17% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.