Rogco LP Grows Position in NVIDIA Corporation $NVDA

Key Points

• Rogco LP increased its stake in NVIDIA Corporation by 13.5%, owning 19,375 shares valued at approximately $3 million, making it the 17th largest holding in their investment portfolio.
• Several institutions, including Kingstone Capital Partners and Goldman Sachs, significantly expanded their positions in NVIDIA, reflecting a strong institutional interest with over 65% of shares owned by institutional investors.
• Analysts have set new price targets for NVIDIA shares, with ranges up to $320.00, and the stock currently holds a consensus rating of "Buy" due to its strong earnings and market performance.

Rogco LP grew its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,375 shares of the computer hardware maker's stock after purchasing an additional 2,305 shares during the period. NVIDIA comprises approximately 1.2% of Rogco LP's investment portfolio, making the stock its 17th largest holding. Rogco LP's holdings in NVIDIA were worth $3,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC raised its stake in NVIDIA by 267,959.7% in 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 purchasing an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth $15,089,414,000. Finally, Amundi increased its stake in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. Hsbc Global Res upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday. UBS Group set a $320.00 target price on NVIDIA in a report on Wednesday. Finally, TD Cowen raised their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Buy" and an average target price of $222.23.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $181.81 on Friday. 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market capitalization of $4.42 trillion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The stock's 50-day simple moving average is $179.39 and its 200-day simple moving average is $152.47.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 business had revenue of $46.74 billion for 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 quarterly revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.16, for a total transaction of $13,362,000.00. Following the transaction, the chief executive officer owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,753,937 shares of company stock valued at $667,769,026 over the last quarter. Company insiders own 4.17% of the company's stock.

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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