Shulman DeMeo Asset Management LLC Purchases New Holdings in NVIDIA Corporation $NVDA

Key Points

• Shulman DeMeo Asset Management LLC has acquired a new stake in NVIDIA Corporation, purchasing 1,488 shares worth approximately $235,000 in the second quarter.
• Multiple institutional investors have increased their holdings in NVIDIA, with a total of 65.27% of the company's stock owned by institutional investors and hedge funds.
• NVIDIA recently announced a quarterly dividend of $0.01, with a payout ratio of 1.14%, and has a consensus rating of "Moderate Buy" among analysts.

Shulman DeMeo Asset Management LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,488 shares of the computer hardware maker's stock, valued at approximately $235,000.

Several other institutional investors also recently modified their holdings of NVDA. Pachira Investments Inc. raised its position in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker's stock worth $1,019,000 after purchasing an additional 63 shares in the last quarter. HFG Wealth Management LLC raised its holdings in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock worth $328,000 after buying an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC lifted its position in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock worth $3,757,000 after buying an additional 69 shares during the period. Burkett Financial Services LLC boosted its stake in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock valued at $861,000 after buying an additional 70 shares in the last quarter. Finally, Guided Capital Wealth Management LLC grew its position in NVIDIA by 0.3% in the second quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker's stock valued at $4,401,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Citigroup reissued a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, DA Davidson raised NVIDIA from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $195.00 to $210.00 in a report on Thursday, September 11th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.00.

NVIDIA Trading Down 0.7%

NVDA opened at $187.62 on Monday. The stock has a market capitalization of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.36 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05. The firm's fifty day simple moving average is $178.11 and its 200 day simple moving average is $148.57.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the transaction, the director owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares of the company's stock, 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. Over the last quarter, insiders have sold 3,971,893 shares of company stock worth $694,502,352. 4.17% of the stock is currently owned by insiders.

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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