Solitude Financial Services Buys New Shares in NVIDIA Corporation $NVDA

Key Points

• Solitude Financial Services acquired 20,466 shares of NVIDIA Corporation valued at approximately $2.2 million, making it the 16th biggest position in their portfolio.
• Multiple analysts have rated NVIDIA positively, with a consensus price target of $207.69 and the majority assigning Buy or Strong Buy ratings.
• NVIDIA reported $1.05 earnings per share for its last quarter, exceeding analysts’ expectations and showcasing a significant year-over-year revenue increase of 55.6%.

Solitude Financial Services purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,466 shares of the computer hardware maker's stock, valued at approximately $2,218,000. NVIDIA makes up about 0.9% of Solitude Financial Services' portfolio, making the stock its 16th biggest holding.

Several other large investors have also added to or reduced their stakes in the business. Empire Life Investments Inc. lifted its position in NVIDIA by 178.5% in the 1st quarter. Empire Life Investments Inc. now owns 170,763 shares of the computer hardware maker's stock valued at $18,507,000 after acquiring an additional 109,438 shares in the last quarter. Clearstead Trust LLC lifted its position in NVIDIA by 2.6% in the 1st quarter. Clearstead Trust LLC now owns 108,463 shares of the computer hardware maker's stock valued at $11,755,000 after acquiring an additional 2,746 shares in the last quarter. ING Groep NV lifted its position in NVIDIA by 3.5% in the 1st quarter. ING Groep NV now owns 10,321,215 shares of the computer hardware maker's stock valued at $1,118,613,000 after acquiring an additional 344,627 shares in the last quarter. Earned Wealth Advisors LLC lifted its position in NVIDIA by 113.3% in the 1st quarter. Earned Wealth Advisors LLC now owns 56,940 shares of the computer hardware maker's stock valued at $6,171,000 after acquiring an additional 30,240 shares in the last quarter. Finally, SGL Investment Advisors Inc. lifted its position in NVIDIA by 516.7% in the 1st quarter. SGL Investment Advisors Inc. now owns 33,228 shares of the computer hardware maker's stock valued at $3,900,000 after acquiring an additional 27,840 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Craig Hallum raised their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Benchmark increased their price target on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Citigroup reaffirmed a "buy" rating and set a $210.00 price target (up from $190.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, Stifel Nicolaus increased their price target on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Stock Performance

NVIDIA stock traded down $4.64 during mid-day trading on Friday, reaching $167.02. The company's stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market capitalization of $4.06 trillion, a P/E ratio of 47.58, a PEG ratio of 1.25 and a beta of 2.10. 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 firm's fifty day moving average price is $172.73 and its two-hundred day moving average price is $140.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the previous year, the business earned $0.68 EPS. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were 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 in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock valued at $764,283,330 over the last 90 days. 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.