Westend Capital Management LLC Raises Stock Holdings in NVIDIA Corporation $NVDA

Westend Capital Management LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 46.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455 shares of the computer hardware maker’s stock after purchasing an additional 145 shares during the quarter. Westend Capital Management LLC’s holdings in NVIDIA were worth $72,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC raised its holdings in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of NVIDIA by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after acquiring an additional 5,896,735 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA during the first quarter valued at approximately $15,089,414,000. Finally, Amundi raised its holdings in shares of NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 2.5%

NASDAQ:NVDA opened at $186.44 on Wednesday. The firm has a market cap of $4.53 trillion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 1.32 and a beta of 2.10. The stock has a fifty day moving average price of $177.20 and a 200 day moving average price of $146.90. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $187.35. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA’s payout ratio is currently 1.14%.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. Needham & Company LLC reissued a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of NVIDIA in a report on Monday. Daiwa Capital Markets increased their price target on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Citigroup reaffirmed a “buy” rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $211.00.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $182.34, for a total value of $13,675,500.00. Following the sale, the chief executive officer owned 71,233,203 shares of the company’s stock, valued at approximately $12,988,662,235.02. The trade was a 0.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Persis Drell sold 40,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $177.65, for a total value of $7,106,000.00. Following the completion of the sale, the director directly owned 138,740 shares in the company, valued at $24,647,161. This represents a 22.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,022,407 shares of company stock worth $700,382,754 in the last three months. 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.