Valley National Advisers Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,197 shares of the computer hardware maker's stock after acquiring an additional 1,359 shares during the period. NVIDIA accounts for approximately 0.9% of Valley National Advisers Inc.'s portfolio, making the stock its 23rd largest holding. Valley National Advisers Inc.'s holdings in NVIDIA were worth $5,402,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter valued at about $51,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the second quarter valued at about $55,000. Campbell Capital Management Inc. increased its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares during the period. Finally, Luken Investment Analytics LLC increased its position in shares of NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker's stock valued at $67,000 after buying an additional 321 shares during the period. 65.27% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on NVDA shares. Barclays reiterated an "overweight" rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Wedbush reiterated an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. JPMorgan Chase & Co. reiterated a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research report on Friday, September 19th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company upped their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Five analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $222.23.
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NVIDIA Stock Up 2.3%
NVDA stock opened at $186.26 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $179.46 and its 200 day moving average is $155.82. The stock has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.07, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA'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 business earned $0.68 earnings per share. 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 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 of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.
Insider Activity 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 Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total value of $13,493,250.00. Following the completion of the sale, the chief executive officer owned 69,958,203 shares of the company's stock, valued at $12,586,180,301.73. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total value of $5,014,448.80. Following the completion of the sale, the chief financial officer directly owned 2,855,762 shares of the company's stock, valued at approximately $518,092,342.04. This represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,801,577 shares of company stock valued at $678,643,875. 4.17% of the stock is owned by insiders.
NVIDIA Company Profile
(
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.
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