Vista Finance LLC purchased a new position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,635 shares of the computer hardware maker’s stock, valued at approximately $258,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Arcus Capital Partners LLC boosted its position in shares of NVIDIA by 31.8% in the 2nd quarter. Arcus Capital Partners LLC now owns 9,626 shares of the computer hardware maker’s stock worth $1,521,000 after purchasing an additional 2,320 shares in the last quarter. Goldstein Advisors LLC raised its stake in NVIDIA by 0.3% during the 2nd quarter. Goldstein Advisors LLC now owns 31,720 shares of the computer hardware maker’s stock valued at $5,011,000 after buying an additional 95 shares during the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in NVIDIA by 2.2% in the second quarter. Joseph P. Lucia & Associates LLC now owns 51,786 shares of the computer hardware maker’s stock valued at $8,182,000 after acquiring an additional 1,127 shares during the period. Wealthstream Advisors Inc. lifted its stake in shares of NVIDIA by 12.2% in the 2nd quarter. Wealthstream Advisors Inc. now owns 29,055 shares of the computer hardware maker’s stock worth $4,590,000 after purchasing an additional 3,154 shares during the period. Finally, SAM Advisors LLC bought a new stake in NVIDIA during the second quarter valued at approximately $1,244,000. Institutional investors own 65.27% of the company’s stock.
Wall Street Analysts Forecast Growth
NVDA has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective 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. Needham & Company LLC increased their price objective on shares of NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. President Capital increased their price target on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Loop Capital boosted their price objective on NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $237.74.
Insider Transactions at NVIDIA
In other news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,326,577 shares of company stock valued at $596,625,187 in the last three months. Insiders own 4.17% of the company’s stock.
NVIDIA Trading Down 2.7%
NASDAQ:NVDA opened at $188.54 on Thursday. 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 $184.84 and a two-hundred day moving average price of $164.84. The company has a market cap of $4.58 trillion, a P/E ratio of 53.73, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19.
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 analysts’ consensus estimates 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 the consensus estimate of $45.65 billion. During the same period last year, the company earned $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. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.
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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