Woodmont Investment Counsel LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,661 shares of the computer hardware maker's stock after acquiring an additional 2,702 shares during the period. Woodmont Investment Counsel LLC's holdings in NVIDIA were worth $3,422,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in NVDA. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the last quarter. Westend Capital Management LLC increased its holdings in shares of NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock worth $72,000 after buying an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter worth $51,000. Finally, Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% in the first 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 last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insider Buying and Selling
In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.16, for a total value of $13,362,000.00. Following the sale, the chief executive officer directly owned 73,523,225 shares of the company's stock, valued at $13,098,897,766. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock worth $678,643,875 in the last three months. 4.17% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on NVDA. The Goldman Sachs Group set a $210.00 price objective on NVIDIA and gave the company a "buy" rating in a research note on Monday, October 6th. Bank of America lifted their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Truist Financial increased their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Oppenheimer restated an "outperform" rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NVIDIA in a research report on Wednesday, October 8th. Five equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $222.23.
Read Our Latest Research Report on NVIDIA
NVIDIA Stock Up 1.0%
Shares of NVIDIA stock opened at $182.16 on Friday. 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 business has a 50-day moving average price of $179.35 and a 200 day moving average price of $155.20. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm has a market cap of $4.43 trillion, a P/E ratio of 51.90, a P/E/G ratio of 1.30 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.
About NVIDIA
(
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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