Oliver Lagore Vanvalin Investment Group Takes $3.87 Million Position in NVIDIA Corporation $NVDA

Key Points

• Oliver Lagore Vanvalin Investment Group has acquired a new position in NVIDIA Corporation worth approximately $3.87 million, making it the group's 16th largest investment, which includes 24,468 shares.
• NVIDIA's quarterly earnings report showed an earnings per share (EPS) of $1.05, exceeding estimates, with a 55.6% year-over-year revenue increase, totaling $46.74 billion.
• Various analysts have raised their price targets for NVIDIA, with Wells Fargo increasing their target to $220 and several others maintaining or adjusting their ratings to "overweight" or "buy."

Oliver Lagore Vanvalin Investment Group acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,468 shares of the computer hardware maker's stock, valued at approximately $3,866,000. NVIDIA comprises 1.4% of Oliver Lagore Vanvalin Investment Group's portfolio, making the stock its 16th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Triangle Securities Wealth Management grew its stake in NVIDIA by 9.7% during the 2nd quarter. Triangle Securities Wealth Management now owns 19,005 shares of the computer hardware maker's stock worth $3,003,000 after buying an additional 1,677 shares during the last quarter. Piscataqua Savings Bank grew its stake in NVIDIA by 6.9% during the 2nd quarter. Piscataqua Savings Bank now owns 4,010 shares of the computer hardware maker's stock worth $634,000 after buying an additional 260 shares during the last quarter. Clare Market Investments LLC grew its stake in NVIDIA by 6.3% during the 2nd quarter. Clare Market Investments LLC now owns 82,320 shares of the computer hardware maker's stock worth $13,006,000 after buying an additional 4,881 shares during the last quarter. AHL Investment Management Inc. purchased a new position in NVIDIA during the 2nd quarter worth approximately $245,000. Finally, CWC Advisors LLC. grew its stake in NVIDIA by 152.1% during the 2nd quarter. CWC Advisors LLC. now owns 29,148 shares of the computer hardware maker's stock worth $4,605,000 after buying an additional 17,588 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.3%

NVDA opened at $178.19 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day simple moving average of $176.60 and a 200-day simple moving average of $145.78. The stock has a market capitalization of $4.33 trillion, a P/E ratio of 50.77, a P/E/G ratio of 1.28 and a beta of 2.10. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55.

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. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. KeyCorp reaffirmed an "overweight" rating and set a $230.00 price objective (up from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. Morgan Stanley increased their price objective on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Daiwa Capital Markets increased their price objective on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research report on Friday, September 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $209.82.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the completion of the transaction, the chief executive officer owned 74,873,225 shares of the company's stock, valued at approximately $12,212,571,729.75. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,176,470 shares of company stock valued at $720,979,162. 4.17% of the stock is owned by insiders.

About NVIDIA

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.