Hofer & Associates. Inc Acquires 2,786 Shares of NVIDIA Corporation $NVDA

Hofer & Associates. Inc raised its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,655 shares of the computer hardware maker’s stock after purchasing an additional 2,786 shares during the quarter. NVIDIA makes up about 2.8% of Hofer & Associates. Inc’s investment portfolio, making the stock its 13th largest position. Hofer & Associates. Inc’s holdings in NVIDIA were worth $4,527,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Brighton Jones LLC raised its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock worth $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE raised its position in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock worth $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC raised its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Forum Financial Management LP raised its position in shares of NVIDIA by 28.2% during the fourth quarter. Forum Financial Management LP now owns 189,998 shares of the computer hardware maker’s stock worth $25,515,000 after acquiring an additional 41,757 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 0.9%

Shares of NASDAQ:NVDA opened at $188.89 on Friday. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $191.05. The company has a 50 day moving average price of $177.83 and a two-hundred day moving average price of $147.65. The company has a market capitalization of $4.59 trillion, a PE ratio of 53.81, a PEG ratio of 1.35 and a beta of 2.12. 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 issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Oppenheimer restated an “outperform” rating and set a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. Daiwa Capital Markets boosted 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. Finally, UBS Group reissued a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.00.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,097,407 shares of company stock worth $714,378,504. 4.17% of the stock is owned by corporate insiders.

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.