Richard P Slaughter Associates Inc increased its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,083 shares of the computer hardware maker's stock after buying an additional 6,046 shares during the quarter. NVIDIA accounts for approximately 1.9% of Richard P Slaughter Associates Inc's investment portfolio, making the stock its 12th largest position. Richard P Slaughter Associates Inc's holdings in NVIDIA were worth $9,493,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. grew its position in shares of NVIDIA by 169.3% during the 1st 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 during the period. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in 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 in the last quarter. Finally, Campbell Capital Management Inc. lifted its stake in 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on NVDA. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, August 13th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, August 27th. Wolfe Research lifted their target price on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Morgan Stanley boosted their target price on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Four research 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 issued a Sell rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $208.47.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Price Performance
NVDA opened at $176.67 on Friday. The stock has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. The stock's 50 day moving average price is $175.73 and its 200-day moving average price is $143.44. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.
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 for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. 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 payout ratio is 1.14%.
Insider Buying and Selling
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.42, for a total value of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares of the company's stock, valued at approximately $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 297,797 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is owned by insiders.
NVIDIA Profile
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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.
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