NVIDIA Corporation $NVDA Shares Bought by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 25,194 shares of the computer hardware maker’s stock after acquiring an additional 395 shares during the quarter. NVIDIA comprises about 1.4% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 21st largest position. Townsend Asset Management Corp NC ADV’s holdings in NVIDIA were worth $3,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Brighton Jones LLC lifted its position in NVIDIA by 12.4% during the 4th 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 period. Bank Pictet & Cie Europe AG lifted its position in NVIDIA by 1.0% during the 4th 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 period. Highview Capital Management LLC DE lifted its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its stake in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares during the last quarter. Finally, Forum Financial Management LP boosted its stake in shares of NVIDIA by 28.2% in the fourth quarter. Forum Financial Management LP now owns 189,998 shares of the computer hardware maker’s stock worth $25,515,000 after buying an additional 41,757 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $188.89 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day simple moving average of $177.83 and a 200-day simple moving average of $147.65. The firm has a market capitalization of $4.59 trillion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $191.05.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during 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%.The business’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. 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 is 1.14%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $240.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research note on Tuesday, September 23rd. Benchmark upped their target price on NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their target price on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Finally, Robert W. Baird upped their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Four investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.00.

Insider Buying and Selling

In other NVIDIA news, Director Persis Drell sold 40,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the sale, the director owned 138,740 shares of the company’s stock, valued at $24,647,161. This trade represents a 22.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock valued at $714,378,504 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

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.