NVIDIA Corporation $NVDA Stock Position Increased by Harrell Investment Partners LLC

Key Points

• Harrell Investment Partners LLC increased its stake in NVIDIA by 65.3%, owning 142,992 shares, making NVIDIA its 2nd largest holding valued at approximately $22.59 million.
• NVIDIA's recent quarterly earnings surpassed expectations, reporting $1.05 EPS and $46.74 billion in revenue, up 55.6% year-over-year.
• Institutional investors control 65.27% of NVIDIA's shares, with several hedge funds making significant increases to their positions recently.

Harrell Investment Partners LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 65.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,992 shares of the computer hardware maker's stock after acquiring an additional 56,476 shares during the period. NVIDIA accounts for about 5.7% of Harrell Investment Partners LLC's portfolio, making the stock its 2nd largest holding. Harrell Investment Partners LLC's holdings in NVIDIA were worth $22,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. lifted its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter worth about $51,000. Bruce G. Allen Investments LLC lifted its position in shares of NVIDIA by 198.2% during 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 in the last quarter. Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the period. Finally, Luken Investment Analytics LLC grew its holdings in shares of NVIDIA by 107.0% in the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after purchasing an additional 321 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Stock Performance

NVDA opened at $187.62 on Monday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $191.05. The stock has a market cap of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. The stock's 50 day simple moving average is $178.11 and its 200 day simple moving average is $148.57. 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 (NASDAQ:NVDA - Get Free Report) last issued 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 analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVDA. Benchmark raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Robert W. Baird lifted their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Truist Financial boosted their target price on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. Finally, Bank of America lifted their price objective on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $211.00.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The shares were 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 owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $170.59, for a total transaction of $12,794,250.00. Following the completion of the sale, the chief executive officer directly owned 74,498,225 shares in the company, valued at $12,708,652,202.75. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,971,893 shares of company stock worth $694,502,352. 4.17% of the stock is owned by corporate 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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