Trust Point Inc. raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 115,353 shares of the computer hardware maker's stock after acquiring an additional 1,958 shares during the period. NVIDIA makes up approximately 1.7% of Trust Point Inc.'s holdings, making the stock its 8th biggest position. Trust Point Inc.'s holdings in NVIDIA were worth $18,224,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased its position in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Up 0.3%
NVDA stock opened at $178.19 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.55. The firm has a market cap of $4.33 trillion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The firm has a fifty day moving average price of $176.60 and a 200 day moving average price of $145.78. 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 earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The company also recently announced 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 is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.
Insiders Place Their Bets
In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total transaction of $12,233,250.00. Following the sale, the chief executive officer owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,176,470 shares of company stock worth $720,979,162. 4.17% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently commented on NVDA. Rosenblatt Securities reaffirmed a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research report on Tuesday. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a report on Friday, September 19th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Tuesday. Morgan Stanley increased their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Finally, Wedbush reissued an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $209.82.
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About NVIDIA
(
Free Report)
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.
Further Reading
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