TCI Wealth Advisors Inc. Increases Stock Position in NVIDIA Corporation $NVDA

Key Points

• TCI Wealth Advisors Inc. increased its stake in NVIDIA Corporation by 7.4%, owning 47,428 shares valued at approximately $7.49 million, making it the firm's 28th largest holding.
• Several institutional investors, including Kingstone Capital Partners, have significantly increased their holdings in NVIDIA, showcasing heightened interest in the company.
• NVIDIA recently reported earnings of $1.05 per share, surpassing expectations, with a year-on-year revenue growth of 55.6%.

TCI Wealth Advisors Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,428 shares of the computer hardware maker's stock after purchasing an additional 3,251 shares during the period. NVIDIA accounts for approximately 0.5% of TCI Wealth Advisors Inc.'s portfolio, making the stock its 28th largest holding. TCI Wealth Advisors Inc.'s holdings in NVIDIA were worth $7,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NVDA. Kingstone Capital Partners Texas LLC lifted its stake in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock valued at $64,976,521,000 after buying an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock valued at $22,412,434,000 after buying an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after buying an additional 103,889,872 shares during the period. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Finally, Amundi lifted its stake in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after buying an additional 18,733,431 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Daiwa Capital Markets upped their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reissued a "buy" rating and set a $215.00 price objective on shares of NVIDIA in a research note on Friday, September 19th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $220.00 price objective (up previously from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.26.

NVIDIA Stock Performance

Shares of NVDA stock opened at $185.04 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05. The company has a 50 day moving average price of $178.48 and a 200 day moving average price of $149.30. The firm has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 1.34 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total value of $13,934,250.00. Following the completion of the sale, the chief executive officer owned 70,858,203 shares of the company's stock, valued at $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer directly owned 2,883,402 shares of the company's stock, valued at $508,632,112.80. The trade was a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,947,622 shares of company stock valued at $694,333,235 in the last three months. 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.

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