Second Half Financial Partners LLC Raises Stock Position in NVIDIA Corporation $NVDA

Key Points

• Second Half Financial Partners LLC increased its stake in NVIDIA Corporation by 18%, holding a total of 11,644 shares valued at approximately $1.26 million.
• Several institutional investors, including FMR LLC and Geode Capital Management, also raised their stakes in NVIDIA, with overall institutional ownership at 65.27%.
• NVIDIA's stock performance showed a decline of $0.17 on a recent trading day, with shares reaching $181.60, and the company reporting quarterly earnings of $0.81 per share, below analysts' expectations.

Second Half Financial Partners LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,644 shares of the computer hardware maker's stock after purchasing an additional 1,777 shares during the period. NVIDIA accounts for 0.6% of Second Half Financial Partners LLC's portfolio, making the stock its 23rd largest holding. Second Half Financial Partners LLC's holdings in NVIDIA were worth $1,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Norges Bank bought a new stake in shares of NVIDIA during the 4th quarter valued at $43,515,504,000. GAMMA Investing LLC raised its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp raised its position in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Assenagon Asset Management S.A. raised its position in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of NVIDIA during the 4th quarter valued at $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 3.4%

NASDAQ:NVDA traded down $6.14 during mid-day trading on Friday, hitting $174.03. 164,832,828 shares of the stock traded hands, compared to its average volume of 238,776,547. The stock has a market capitalization of $4.25 trillion, a price-to-earnings ratio of 49.55, a PEG ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The firm's 50 day moving average is $170.22 and its two-hundred day moving average is $138.74. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The firm's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,862,440 shares of company stock worth $896,145,782. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on NVDA shares. UBS Group raised their price objective on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Barclays lifted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Truist Financial lifted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday. Sanford C. Bernstein reiterated an "outperform" rating and issued a $225.00 price target (up from $185.00) on shares of NVIDIA in a report on Thursday. Finally, Mizuho lifted their price target on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $207.69.

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.