Oakworth Capital Inc. lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,041 shares of the computer hardware maker's stock after buying an additional 2,246 shares during the quarter. NVIDIA makes up 0.8% of Oakworth Capital Inc.'s holdings, making the stock its 26th largest holding. Oakworth Capital Inc.'s holdings in NVIDIA were worth $12,330,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Astoria Portfolio Advisors LLC. grew its position in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after buying an additional 864 shares in the last quarter. Centerpoint Advisory Group grew its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after buying an additional 943 shares in the last quarter. GSB Wealth Management LLC grew its position in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after buying an additional 1,043 shares in the last quarter. Variant Private Wealth LLC grew its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after buying an additional 3,206 shares in the last quarter. Finally, Financial Perspectives Inc grew its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after buying an additional 1,265 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Up 2.8%
Shares of NASDAQ:NVDA opened at $188.32 on Tuesday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The stock has a market cap of $4.58 trillion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.32 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average price of $179.32 and a 200-day moving average price of $151.57.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NVDA shares. New Street Research raised their price objective on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. Finally, Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a report on Tuesday, September 23rd. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $213.37.
Get Our Latest Stock Report on NVDA
Insider Buying and Selling
In related news, Director Mark A. Stevens sold 350,000 shares of the 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 owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the completion of the transaction, the chief executive officer owned 73,523,225 shares in the company, valued at approximately $13,098,897,766. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,753,937 shares of company stock worth $665,807,776. 4.17% of the stock is owned by company insiders.
NVIDIA 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.
Further Reading
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