Riversedge Advisors LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,188 shares of the computer hardware maker’s stock after acquiring an additional 2,812 shares during the period. NVIDIA accounts for about 0.8% of Riversedge Advisors LLC’s investment portfolio, making the stock its 24th biggest holding. Riversedge Advisors LLC’s holdings in NVIDIA were worth $3,979,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of NVIDIA in the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. increased its stake in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker’s stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA in the fourth quarter worth $2,987,733,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NVDA has been the topic of a number of research reports. Daiwa Capital Markets upped their price target on shares of NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Rosenblatt Securities upped their price target on shares of NVIDIA from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Barclays increased their target price on shares of NVIDIA from $170.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 17th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Finally, Citigroup lowered their target price on shares of NVIDIA from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, September 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $208.47.
NVIDIA Stock Up 0.2%
NASDAQ NVDA opened at $176.67 on Monday. 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 50-day simple moving average of $175.73 and a 200 day simple moving average of $143.85. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The stock has a market cap of $4.29 trillion, a PE ratio of 50.33, a PEG ratio of 1.28 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business 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 firm’s revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid 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 dividend payout ratio (DPR) is currently 1.14%.
Insiders Place Their Bets
In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 297,797 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.19, for a total transaction of $53,064,447.43. Following the transaction, the director owned 7,749,803 shares of the company’s stock, valued at approximately $1,380,937,396.57. This represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,914,341 shares of company stock worth $662,228,310 over the last quarter. Company insiders own 4.17% of the company’s stock.
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.
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