Vigilare Wealth Management Has $2.99 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Vigilare Wealth Management increased its stake in NVIDIA Corporation by 92.8% during Q2, now holding a position worth approximately $2.99 million.
• Other hedge funds also boosted their NVIDIA holdings significantly, with notable increases of 418.3% by Chelsea Counsel Co. and 63.8% by First Pacific Financial.
• NVIDIA reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations, and anticipates a guidance of 2.77 EPS for the current fiscal year.

Vigilare Wealth Management raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 92.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,943 shares of the computer hardware maker's stock after buying an additional 9,117 shares during the period. NVIDIA accounts for 1.1% of Vigilare Wealth Management's holdings, making the stock its 20th largest holding. Vigilare Wealth Management's holdings in NVIDIA were worth $2,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. First Pacific Financial lifted its holdings in shares of NVIDIA by 63.8% during the second quarter. First Pacific Financial now owns 26,066 shares of the computer hardware maker's stock worth $4,118,000 after purchasing an additional 10,155 shares during the period. Deltec Asset Management LLC lifted its holdings in shares of NVIDIA by 12.6% during the second quarter. Deltec Asset Management LLC now owns 161,342 shares of the computer hardware maker's stock worth $25,490,000 after purchasing an additional 18,000 shares during the period. Chelsea Counsel Co. lifted its holdings in shares of NVIDIA by 418.3% during the second quarter. Chelsea Counsel Co. now owns 17,985 shares of the computer hardware maker's stock worth $2,842,000 after purchasing an additional 14,515 shares during the period. Trilogy Capital Inc. lifted its holdings in shares of NVIDIA by 4.5% during the second quarter. Trilogy Capital Inc. now owns 69,584 shares of the computer hardware maker's stock worth $10,994,000 after purchasing an additional 2,972 shares during the period. Finally, QTR Family Wealth LLC lifted its holdings in shares of NVIDIA by 30.4% during the second quarter. QTR Family Wealth LLC now owns 44,275 shares of the computer hardware maker's stock worth $6,995,000 after purchasing an additional 10,319 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 0.8%

NVDA opened at $183.22 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. 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 has a market cap of $4.45 trillion, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. The company has a fifty day moving average price of $179.40 and a two-hundred day moving average price of $152.97.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of NVIDIA in a report on Wednesday, October 8th. Citigroup reiterated a "buy" rating and set a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. New Street Research lifted their price target on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Cantor Fitzgerald set a $300.00 target price on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Finally, DA Davidson raised shares of NVIDIA from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $195.00 to $210.00 in a research note on Thursday, September 11th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $222.23.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on 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 directly owned 70,333,203 shares of the company's stock, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 3,753,937 shares of company stock valued at $667,769,026 over the last ninety days. Insiders own 4.17% of the company's stock.

About NVIDIA

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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