NVIDIA Corporation $NVDA Stock Position Lifted by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 25.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,804 shares of the computer hardware maker’s stock after acquiring an additional 86,466 shares during the quarter. NVIDIA comprises 7.9% of Steel Grove Capital Advisors LLC’s holdings, making the stock its 3rd biggest position. Steel Grove Capital Advisors LLC’s holdings in NVIDIA were worth $67,747,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Astoria Portfolio Advisors LLC. grew its position in NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after purchasing an additional 864 shares during the last quarter. Fielder Capital Group LLC grew its holdings in shares of NVIDIA by 9.7% during the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after buying an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp increased its position in shares of NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after acquiring an additional 2,484 shares during the period. Sentinel Pension Advisors LLC raised its stake in NVIDIA by 4.1% in the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after acquiring an additional 107 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its stake in NVIDIA by 7.7% in the 2nd quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock worth $7,560,000 after acquiring an additional 3,542 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Needham & Company LLC upped their target price on NVIDIA from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a report on Tuesday, September 23rd. Morgan Stanley lifted their price objective on shares of NVIDIA from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NVIDIA in a report on Thursday. Five equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $239.15.

Insider Activity

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 in the last quarter. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $190.17 on Monday. 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 market capitalization of $4.62 trillion, a price-to-earnings ratio of 54.18, a PEG ratio of 1.49 and a beta of 2.11. The firm’s 50 day simple moving average is $185.60 and its 200-day simple moving average is $166.35. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders 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 dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

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.