Klingman & Associates LLC Has $8.44 Million Stock Position in NVIDIA Corporation $NVDA

Klingman & Associates LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 31.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,387 shares of the computer hardware maker’s stock after acquiring an additional 12,666 shares during the period. Klingman & Associates LLC’s holdings in NVIDIA were worth $8,435,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its holdings in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA in the 1st quarter worth about $15,089,414,000. Finally, Amundi lifted its position in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup boosted their price objective on NVIDIA from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Evercore ISI set a $261.00 price target on NVIDIA and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Oppenheimer raised their price objective on NVIDIA from $225.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of NVIDIA from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $265.00 target price (up previously from $220.00) on shares of NVIDIA in a report on Friday. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $239.15.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $4,166,600.00. Following the sale, the chief financial officer directly owned 123,060 shares in the company, valued at $25,637,089.80. The trade was a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. 4.17% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.8%

Shares of NVIDIA stock opened at $190.17 on Friday. The firm has a market cap of $4.62 trillion, a PE ratio of 54.18, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. 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 stock has a fifty day moving average price of $185.60 and a 200-day moving average price of $165.55.

NVIDIA (NASDAQ:NVDA) 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were paid a dividend of $0.01 per share. 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 (DPR) is presently 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.