Sutton Place Investors LLC Has $2.98 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Sutton Place Investors LLC increased its stake in NVIDIA Corporation by 12.3%, owning 18,884 shares valued at approximately $2.98 million.
• NVIDIA reported a quarterly net margin of 52.41% and revenue of $46.74 billion, exceeding analysts' expectations, with earnings per share of $1.05.
• Recent analyst ratings for NVIDIA show strong support, with a consensus target price of $222.23 and multiple firms maintaining "buy" ratings.

Sutton Place Investors LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,884 shares of the computer hardware maker's stock after purchasing an additional 2,065 shares during the quarter. NVIDIA accounts for about 1.8% of Sutton Place Investors LLC's holdings, making the stock its 13th biggest holding. Sutton Place Investors LLC's holdings in NVIDIA were worth $2,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pachira Investments Inc. grew its holdings in shares of 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 during the last quarter. Warner Financial Inc. grew its stake in shares of NVIDIA by 2.3% in the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker's stock worth $460,000 after purchasing an additional 66 shares during the last quarter. HFG Wealth Management LLC raised its position in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker's stock valued at $328,000 after purchasing an additional 68 shares during the last quarter. Hidden Cove Wealth Management LLC raised its holdings in shares of NVIDIA by 0.3% during the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker's stock valued at $3,757,000 after acquiring an additional 69 shares in the last quarter. Finally, Summit Financial Strategies Inc. boosted its holdings in NVIDIA by 0.6% in the second quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker's stock valued at $1,839,000 after acquiring an additional 69 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVIDIA stock opened at $180.28 on Thursday. 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 50 day moving average price of $179.34 and a 200-day moving average price of $154.61. The company has a market capitalization of $4.38 trillion, a PE ratio of 51.36, a P/E/G ratio of 1.31 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.

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, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the transaction, the chief executive officer owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. This represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,753,937 shares of company stock worth $669,548,776 in the last 90 days. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Rosenblatt Securities reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Hsbc Global Res upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Bank of America upped their price target on NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wells Fargo & Company lifted their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Finally, Mizuho upped their price target on shares of NVIDIA from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $222.23.

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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