Walker Financial Services Inc. Buys New Shares in NVIDIA Corporation $NVDA

Key Points

• Walker Financial Services Inc. purchased 1,599 shares of NVIDIA Corporation, valued at approximately $253,000, indicating institutional interest in the tech stock during the second quarter.
• NVIDIA recently reported earnings of $1.05 EPS, surpassing analyst expectations, and showed a 55.6% year-over-year revenue increase to $46.74 billion.
• Research analysts have lifted price targets for NVIDIA, with Robert W. Baird increasing theirs from $195.00 to $225.00, highlighting continued positive sentiment in the market.

Walker Financial Services Inc. purchased a new position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,599 shares of the computer hardware maker's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Copia Wealth Management purchased a new position in NVIDIA during the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. lifted its position in 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 acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC lifted its position in 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 acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. lifted its position in 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 acquiring an additional 590 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVDA stock opened at $178.19 on Monday. The company has a 50 day moving average price of $176.60 and a 200-day moving average price of $146.20. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.55. The firm has a market capitalization of $4.33 trillion, a PE ratio of 50.77, a P/E/G ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $45.65 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. New Street Research lifted their target price on shares of NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, September 12th. TD Cowen lifted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Wall Street Zen raised shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.82.

Insider Activity at NVIDIA

In related news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Persis Drell sold 40,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the sale, the director owned 138,740 shares of the company's stock, valued at $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,050,558 shares of company stock valued at $701,164,609 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Company 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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