Viewpoint Investment Partners Corp Boosts Position in NVIDIA Corporation $NVDA

Key Points

• Viewpoint Investment Partners Corp increased its holdings in NVIDIA by 126.5% in the second quarter, now owning 12,550 shares valued at approximately $1.98 million.
• NVIDIA reported a strong quarterly earnings result with $1.05 EPS, exceeding analysts' expectations and marking a 55.6% increase in revenue year-over-year.
• Several hedge funds boosted their shares in NVIDIA, with Robeco Institutional Asset Management now holding 23.98 million shares valued at about $3.79 billion, indicating strong institutional interest.

Viewpoint Investment Partners Corp boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 126.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,550 shares of the computer hardware maker's stock after buying an additional 7,010 shares during the period. NVIDIA makes up about 1.1% of Viewpoint Investment Partners Corp's investment portfolio, making the stock its 20th largest position. Viewpoint Investment Partners Corp's holdings in NVIDIA were worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. McGuire Investment Group LLC raised its holdings in NVIDIA by 2.7% in the second quarter. McGuire Investment Group LLC now owns 400,458 shares of the computer hardware maker's stock valued at $63,268,000 after buying an additional 10,366 shares during the period. Naples Global Advisors LLC raised its holdings in NVIDIA by 23.9% in the second quarter. Naples Global Advisors LLC now owns 58,406 shares of the computer hardware maker's stock valued at $9,228,000 after buying an additional 11,253 shares during the period. Foundry Financial Group Inc. raised its holdings in NVIDIA by 6.8% in the second quarter. Foundry Financial Group Inc. now owns 5,210 shares of the computer hardware maker's stock valued at $823,000 after buying an additional 330 shares during the period. Pure Financial Advisors LLC raised its holdings in NVIDIA by 25.1% in the second quarter. Pure Financial Advisors LLC now owns 137,238 shares of the computer hardware maker's stock valued at $21,682,000 after buying an additional 27,500 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in NVIDIA by 10.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 23,975,126 shares of the computer hardware maker's stock valued at $3,787,830,000 after buying an additional 2,209,490 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $183.22 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The company has a market cap of $4.45 trillion, a PE ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a fifty day moving average price of $179.40 and a two-hundred day moving average price of $153.27.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $45.65 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued 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 presently 1.14%.

Insiders Place Their Bets

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares of the company's stock, valued at $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 3,753,937 shares of company stock valued at $667,769,026 over the last three months. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVDA. DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $195.00 to $210.00 in a research note on Thursday, September 11th. Wells Fargo & Company lifted their price objective 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. Evercore ISI lifted their price objective on shares of NVIDIA from $214.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. New Street Research lifted their price objective on shares of NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Finally, Jefferies Financial Group reiterated 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. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $222.23.

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.

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