Versant Capital Management Inc Has $10.66 Million Stake in NVIDIA Corporation $NVDA

Versant Capital Management Inc grew its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,440 shares of the computer hardware maker’s stock after buying an additional 7,161 shares during the period. NVIDIA accounts for about 1.6% of Versant Capital Management Inc’s portfolio, making the stock its 11th biggest holding. Versant Capital Management Inc’s holdings in NVIDIA were worth $10,655,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. First Citizens Financial Corp lifted its position in shares of NVIDIA by 23.6% in the second quarter. First Citizens Financial Corp now owns 8,744 shares of the computer hardware maker’s stock valued at $1,381,000 after buying an additional 1,672 shares during the last quarter. Modus Advisors LLC lifted its position in shares of NVIDIA by 1.5% in the second quarter. Modus Advisors LLC now owns 59,472 shares of the computer hardware maker’s stock valued at $9,396,000 after buying an additional 901 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in shares of NVIDIA by 2.4% in the second quarter. Insight Wealth Strategies LLC now owns 34,539 shares of the computer hardware maker’s stock valued at $5,295,000 after buying an additional 811 shares during the last quarter. Retirement Wealth Solutions LLC lifted its position in shares of NVIDIA by 2.0% in the second quarter. Retirement Wealth Solutions LLC now owns 4,172 shares of the computer hardware maker’s stock valued at $659,000 after buying an additional 81 shares during the last quarter. Finally, Dominguez Wealth Management Solutions Inc. lifted its position in shares of NVIDIA by 7.4% in the second quarter. Dominguez Wealth Management Solutions Inc. now owns 10,102 shares of the computer hardware maker’s stock valued at $1,596,000 after buying an additional 695 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. TD Cowen lifted their price target on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 19th. Craig Hallum lifted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, August 13th. Truist Financial lifted their price target on NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $215.00 price target on shares of NVIDIA in a report on Thursday, September 4th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.47.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $176.57, for a total transaction of $13,242,750.00. Following the sale, the chief executive officer owned 72,023,366 shares in the company, valued at $12,717,165,734.62. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director owned 368,887 shares in the company, valued at $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,819,522 shares of company stock worth $642,506,300. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Up 3.5%

Shares of NVDA opened at $176.24 on Friday. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The business’s fifty day moving average is $175.50 and its 200-day moving average is $143.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm has a market cap of $4.28 trillion, a price-to-earnings ratio of 50.21, a PEG ratio of 1.23 and a beta of 2.10.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is currently 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.