Pacific Heights Asset Management LLC Boosts Stock Position in NVIDIA Corporation $NVDA

Key Points

• Pacific Heights Asset Management increased its NVIDIA stake by 13.2% in Q2, buying 100,000 shares to hold 860,000 shares (7.2% of its portfolio), with the position valued at about $135.87 million.
• Significant insider selling has occurred recently — Director Harvey C. Jones sold 250,000 shares (~$44.05M) and CEO Jen-Hsun Huang sold 75,000 shares (~$13.32M); insiders have sold 3,251,577 shares worth $583.14M in the past three months and currently own 4.17% of the stock.
• Wall Street sentiment is broadly positive, with a consensus Buy rating, an average price target of $239.15, and most analysts assigning Buy/Strong Buy ratings (five Strong Buy, thirty-nine Buy).

Pacific Heights Asset Management LLC increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 860,000 shares of the computer hardware maker's stock after buying an additional 100,000 shares during the quarter. NVIDIA accounts for 7.2% of Pacific Heights Asset Management LLC's investment portfolio, making the stock its 3rd largest holding. Pacific Heights Asset Management LLC's holdings in NVIDIA were worth $135,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Fielder Capital Group LLC boosted its holdings in NVIDIA by 9.7% in the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker's stock worth $5,470,000 after buying an additional 4,444 shares during the period. MADDEN SECURITIES Corp raised its holdings in NVIDIA by 3.2% during the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker's stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Sentinel Pension Advisors LLC raised its holdings in NVIDIA by 4.1% during the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker's stock valued at $433,000 after acquiring an additional 107 shares during the period. Finally, ORG Wealth Partners LLC lifted its position in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker's stock worth $7,560,000 after acquiring an additional 3,542 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a 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 that occurred on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares of the company's stock, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. KeyCorp reiterated an "overweight" rating and issued a $250.00 price target on shares of NVIDIA in a research report on Friday. Needham & Company LLC raised their target price on NVIDIA from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Rosenblatt Securities lifted their target price on NVIDIA from $215.00 to $240.00 and gave the company a "buy" rating in a report on Monday, November 3rd. Morgan Stanley increased their price target on shares of NVIDIA from $210.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Susquehanna raised their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the company a "positive" rating in a research report on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of "Buy" and an average price target of $239.15.

NVIDIA Stock Up 1.8%

NVDA stock opened at $190.17 on Monday. The company's 50 day moving average is $185.60 and its 200 day moving average is $166.35. The stock has a market cap of $4.62 trillion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.

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