Scott & Selber Inc. Has $28.67 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Scott & Selber Inc. reduced its stake in NVIDIA Corporation by 6.2%, holding 181,458 shares now worth approximately $28.67 million, which represents 8.0% of its total investment portfolio.
• Major investors are increasing their positions in NVIDIA, with Kingstone Capital Partners growing its stake by over 267,959% to acquire nearly 382 million shares valued at about $64.98 billion.
• NVIDIA received multiple upgrades from analysts, with price targets raised; most notably, Oppenheimer increased its target price to $225.00 and Loop Capital set a new target of $250.00.

Scott & Selber Inc. lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,458 shares of the computer hardware maker's stock after selling 11,913 shares during the quarter. NVIDIA accounts for 8.0% of Scott & Selber Inc.'s investment portfolio, making the stock its largest holding. Scott & Selber Inc.'s holdings in NVIDIA were worth $28,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC grew its stake in shares of 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 worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new stake in shares of NVIDIA in the 1st quarter worth $15,089,414,000. Goldman Sachs Group Inc. grew 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NVIDIA by 204.6% in the 1st 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 acquiring an additional 23,948,733 shares in the last quarter. Finally, Amundi grew 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer restated an "outperform" rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Weiss Ratings restated a "buy (b)" rating on shares of NVIDIA in a research note on Wednesday, October 8th. Jefferies Financial Group restated a "buy" rating and issued a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $212.84.

NVIDIA Stock Down 4.9%

NVDA stock opened at $183.16 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.18, a PEG ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a fifty day moving average of $179.16 and a 200-day moving average of $151.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 during 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%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $190.20, for a total transaction of $14,265,000.00. Following the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at approximately $13,420,170,210.60. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,801,587 shares of company stock worth $673,950,484 in the last three months. 4.17% of the stock is currently owned by insiders.

About NVIDIA

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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