Resonant Capital Advisors LLC Increases Stock Holdings in NVIDIA Corporation $NVDA

Resonant Capital Advisors LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 108,838 shares of the computer hardware maker’s stock after acquiring an additional 21,497 shares during the quarter. NVIDIA comprises approximately 1.1% of Resonant Capital Advisors LLC’s holdings, making the stock its 24th largest position. Resonant Capital Advisors LLC’s holdings in NVIDIA were worth $17,196,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NVDA. Morton Brown Family Wealth LLC lifted its holdings in NVIDIA by 1.5% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after buying an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC raised its stake in shares of NVIDIA by 0.3% in the second quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after acquiring an additional 58 shares in the last quarter. Alpha Wealth Funds LLC boosted its holdings in NVIDIA by 1.3% in the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock valued at $732,000 after purchasing an additional 59 shares during the period. Copia Wealth Management grew its stake in NVIDIA by 14.7% during the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares in the last quarter. Finally, BKM Wealth Management LLC grew its stake in NVIDIA by 1.1% during the 2nd quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock worth $908,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. Seaport Global Securities lifted their price objective on NVIDIA from $100.00 to $140.00 and gave the company a “sell” rating in a research note on Monday, November 17th. Truist Financial lifted their price target on shares of NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday. HSBC set a $320.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. Arete raised their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Susquehanna boosted their target price on shares of NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $257.79.

Insider Transactions at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of NVIDIA 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 transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This represents a 0.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $178.88 on Friday. The company has a fifty day moving average of $186.46 and a two-hundred day moving average of $168.03. The company has a market capitalization of $4.35 trillion, a PE ratio of 50.96, 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.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, 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 Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 0.99%.

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.