Versant Capital Management Inc Raises Position in NVIDIA Corporation $NVDA

Key Points

• Versant Capital Management Inc increased its holdings in NVIDIA Corporation by 11.9% in the second quarter, now owning 67,440 shares valued at approximately $10.66 million.
• Several analysts have raised their price targets for NVIDIA stock, with new targets ranging from $215.00 to $245.00, reflecting a consensus rating of "Moderate Buy".
• NVIDIA CEO Jen Hsun Huang sold 75,000 shares worth approximately $13.24 million in a recent insider transaction, decreasing his position by 0.10%.

Versant Capital Management Inc increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,440 shares of the computer hardware maker's stock after acquiring an additional 7,161 shares during the period. NVIDIA comprises approximately 1.6% of Versant Capital Management Inc's investment portfolio, making the stock its 11th largest holding. Versant Capital Management Inc's holdings in NVIDIA were worth $10,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. lifted its position in 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 worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in NVIDIA during the 4th quarter worth approximately $2,987,733,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Up 0.2%

NVIDIA stock traded up $0.43 during trading hours on Friday, reaching $176.67. 236,580,653 shares of the company's stock were exchanged, compared to its average volume of 177,120,144. The firm's 50 day simple moving average is $175.73 and its 200 day simple moving average is $143.44. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10.

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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 EPS. The business's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVDA. Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Truist Financial upped their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Bank of America upped their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.47.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 297,797 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $157.02, for a total value of $11,776,500.00. Following the completion of the sale, the chief executive officer owned 75,398,225 shares of the company's stock, valued at approximately $11,839,029,289.50. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,020,022 shares of company stock valued at $677,418,500. Corporate insiders own 4.17% of the company's stock.

NVIDIA 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.