Relyea Zuckerberg Hanson LLC Grows Stock Position in NVIDIA Corporation $NVDA

Relyea Zuckerberg Hanson LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 127,444 shares of the computer hardware maker's stock after acquiring an additional 3,293 shares during the period. NVIDIA accounts for about 2.4% of Relyea Zuckerberg Hanson LLC's investment portfolio, making the stock its 9th largest position. Relyea Zuckerberg Hanson LLC's holdings in NVIDIA were worth $20,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC grew its holdings in NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares in the last quarter. Nuveen LLC purchased a new stake in NVIDIA during the 1st quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. grew its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after buying an additional 103,889,872 shares in the last quarter. Amundi grew its holdings in NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio purchased a new stake in NVIDIA during the 1st quarter valued at approximately $1,163,288,000. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the completion of the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the sale, the chief executive officer owned 69,958,203 shares of the company's stock, valued at approximately $12,586,180,301.73. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,801,577 shares of company stock valued at $678,643,875. Corporate insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVDA shares. Evercore ISI increased their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. Bank of America increased their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Craig Hallum increased their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Barclays reaffirmed an "overweight" rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and a consensus price target of $222.23.

NVIDIA Stock Up 2.3%

NASDAQ NVDA opened at $186.26 on Friday. 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 company has a fifty day moving average of $179.46 and a two-hundred day moving average of $155.82. The firm has a market capitalization of $4.53 trillion, a price-to-earnings ratio of 53.07, a PEG ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were 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 was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

NVIDIA Company Profile

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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