RFG Holdings Inc. Acquires 3,235 Shares of NVIDIA Corporation $NVDA

Key Points

• RFG Holdings Inc. increased its stake in NVIDIA Corporation by 20.2%, acquiring an additional 3,235 shares during the second quarter, bringing its total ownership to 19,221 shares valued at approximately $3,037,000.
• Several institutional investors significantly boosted their positions in NVIDIA, with notable increases including Nuveen LLC's new stake valued at $15 billion and Goldman Sachs' stake increase of 123.5%.
• NVIDIA's quarterly earnings report showed an EPS of $1.05 and revenue of $46.74 billion, exceeding analysts' estimates and marking a 55.6% year-over-year revenue increase.

RFG Holdings Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 20.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,221 shares of the computer hardware maker's stock after purchasing an additional 3,235 shares during the quarter. NVIDIA makes up 0.9% of RFG Holdings Inc.'s portfolio, making the stock its 14th biggest position. RFG Holdings Inc.'s holdings in NVIDIA were worth $3,037,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Nuveen LLC purchased a new stake in shares of NVIDIA during the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC boosted its position in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in NVIDIA in the fourth quarter worth about $2,987,733,000. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Wedbush reaffirmed an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and lifted their target price for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Rosenblatt Securities reissued a "buy" rating and set a $215.00 target price on shares of NVIDIA in a research note on Tuesday. Loop Capital lifted their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $208.76.

NVIDIA Trading Down 0.8%

Shares of NASDAQ NVDA opened at $176.97 on Thursday. 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 business has a fifty day simple moving average of $176.39 and a two-hundred day simple moving average of $144.81. The firm has a market cap of $4.30 trillion, a PE ratio of 50.42, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors 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 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 Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This represents a 0.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly 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 valued at $740,755,443 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA 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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