Professional Financial Advisors LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,512 shares of the computer hardware maker's stock, valued at approximately $397,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Astoria Portfolio Advisors LLC. increased its holdings in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares in the last quarter. Centerpoint Advisory Group lifted 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 valued at $4,270,000 after buying an additional 943 shares during the last quarter. GSB Wealth Management LLC lifted 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 valued at $3,534,000 after buying an additional 1,043 shares during the last quarter. Variant Private Wealth LLC raised its stake 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 valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its stake 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 valued at $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the transaction, the chief executive officer directly owned 74,873,225 shares in the company, valued at $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,302,450 shares of company stock worth $740,755,443 over the last ninety days. Corporate insiders own 4.17% of the company's stock.
NVIDIA Stock Performance
Shares of NVDA opened at $176.97 on Thursday. The firm has a market capitalization of $4.30 trillion, a P/E ratio of 50.42, a PEG ratio of 1.29 and a beta of 2.10. 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 fifty day moving average of $176.39 and a 200 day moving average of $144.81. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.55.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Evercore ISI upped their target price on NVIDIA from $214.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday. Wedbush reiterated an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. BNP Paribas upgraded NVIDIA to a "hold" rating in a report on Friday, August 1st. Robert W. Baird raised their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Finally, Sanford C. Bernstein reaffirmed a "buy" rating on shares of NVIDIA in a research report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $208.76.
Read Our Latest Analysis on NVDA
NVIDIA Company 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.
See Also
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).
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