Park Avenue Securities LLC Invests $154.59 Million in NVIDIA Corporation $NVDA

Key Points

• Park Avenue Securities LLC has invested approximately $154.59 million in NVIDIA Corporation, acquiring 978,471 shares, making NVIDIA about 1.4% of its total holdings.
• NVIDIA's stock recently showed a 2.1% increase, with shares opening at $181.85 and a market capitalization of $4.42 trillion.
• The company reported strong earnings, with $1.05 EPS for the last quarter, surpassing estimates, while revenue reached $46.74 billion, a year-over-year increase of 55.6%.

Park Avenue Securities LLC bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 978,471 shares of the computer hardware maker's stock, valued at approximately $154,589,000. NVIDIA makes up about 1.4% of Park Avenue Securities LLC's holdings, making the stock its 11th biggest holding.

Other large investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. boosted its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after acquiring an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 2.1%

Shares of NVDA opened at $181.85 on Tuesday. The stock has a market capitalization of $4.42 trillion, a PE ratio of 51.81, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company's 50-day simple moving average is $176.81 and its 200-day simple moving average is $146.62.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $182.34, for a total transaction of $13,675,500.00. Following the sale, the chief executive officer owned 71,233,203 shares in the company, valued at $12,988,662,235.02. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,148,818 shares of company stock valued at $720,112,070. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NVDA shares. Citigroup lowered their price target on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, September 8th. New Street Research boosted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Wedbush reissued an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and upped their target price for the company from $195.00 to $210.00 in a research report on Thursday, September 11th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $210.21.

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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