NVIDIA Corporation $NVDA Shares Bought by RNC Capital Management LLC

RNC Capital Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 0.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 178,088 shares of the computer hardware maker’s stock after acquiring an additional 908 shares during the quarter. RNC Capital Management LLC’s holdings in NVIDIA were worth $28,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NVDA. Harbor Asset Planning Inc. acquired a new stake in NVIDIA during the 2nd quarter worth about $28,000. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA during the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Finally, Campbell Capital Management Inc. boosted its stake in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction dated 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 directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 over the last three months. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 1.8%

Shares of NASDAQ NVDA opened at $190.17 on Monday. The business has a 50 day simple moving average of $185.60 and a 200 day simple moving average of $166.35. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $212.19. The stock has a market cap 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 company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. 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 dividend payout ratio is currently 1.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVDA shares. BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. New Street Research reissued a “buy” rating and set a $307.00 price target on shares of NVIDIA in a research report on Thursday, October 30th. Barclays restated an “overweight” rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. HSBC set a $320.00 target price on NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Benchmark raised their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVIDIA has an average rating of “Buy” and an average price target of $239.15.

About NVIDIA

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.