S.E.E.D. Planning Group LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 43.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,275 shares of the computer hardware maker’s stock after purchasing an additional 1,292 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in NVIDIA were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. GK Wealth Management LLC lifted its holdings in NVIDIA by 123.7% during the 2nd quarter. GK Wealth Management LLC now owns 17,947 shares of the computer hardware maker’s stock worth $2,835,000 after purchasing an additional 9,924 shares in the last quarter. Gallacher Capital Management LLC grew its position in NVIDIA by 9.3% during the 2nd quarter. Gallacher Capital Management LLC now owns 7,592 shares of the computer hardware maker’s stock worth $1,199,000 after acquiring an additional 649 shares during the last quarter. O Connor Financial Group LLC grew its position in shares of NVIDIA by 8.2% in the 2nd quarter. O Connor Financial Group LLC now owns 7,898 shares of the computer hardware maker’s stock worth $1,258,000 after buying an additional 601 shares during the last quarter. Trust Co. of Oklahoma lifted its stake in shares of NVIDIA by 41.7% in the 2nd quarter. Trust Co. of Oklahoma now owns 23,773 shares of the computer hardware maker’s stock valued at $3,756,000 after purchasing an additional 6,998 shares during the period. Finally, RF&L Wealth Management LLC lifted its stake in shares of NVIDIA by 38.8% in the 2nd quarter. RF&L Wealth Management LLC now owns 25,040 shares of the computer hardware maker’s stock valued at $3,956,000 after purchasing an additional 6,995 shares during the period. Institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling at NVIDIA
In other news, Director Stephen C. Neal sold 28,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the completion of the sale, the director directly owned 143,410 shares in the company, valued at $25,466,747.80. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 297,797 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,020,022 shares of company stock valued at $677,418,500 in the last quarter. Company insiders own 4.17% of the company’s stock.
NVIDIA Trading Up 0.2%
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on NVDA shares. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, August 27th. Raymond James Financial boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 29th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, August 13th. UBS Group upped their target price on NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Citigroup dropped their price objective on NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $208.47.
Get Our Latest Analysis on NVIDIA
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.
Further Reading
- Five stocks we like better than NVIDIA
- Expert Stock Trading Psychology Tips
- Tesla: 2 Reasons to Love Musk’s $1B Buy, 1 Reason to Be Bearish
- High Flyers: 3 Natural Gas Stocks for March 2022
- Azure Leads While AI Excitement Fuels Microsoft Stock
- What is a Special Dividend?
- Darden Restaurants: A Textbook Buy-the-Dip Opportunity
Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.