LVZ Inc. Has $1.22 Million Stock Position in NVIDIA Corporation $NVDA

LVZ Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,718 shares of the computer hardware maker’s stock after purchasing an additional 765 shares during the quarter. LVZ Inc.’s holdings in NVIDIA were worth $1,219,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. MCF Advisors LLC increased its position in shares of NVIDIA by 22.7% during the 2nd quarter. MCF Advisors LLC now owns 66,956 shares of the computer hardware maker’s stock worth $10,579,000 after purchasing an additional 12,387 shares during the last quarter. Hyperion Asset Management Ltd acquired a new position in shares of NVIDIA during the 2nd quarter worth approximately $104,399,000. Covea Finance increased its position in shares of NVIDIA by 12.4% during the 2nd quarter. Covea Finance now owns 601,156 shares of the computer hardware maker’s stock worth $94,977,000 after purchasing an additional 66,415 shares during the last quarter. Unified Investment Management increased its position in shares of NVIDIA by 0.7% during the 2nd quarter. Unified Investment Management now owns 11,718 shares of the computer hardware maker’s stock worth $1,851,000 after purchasing an additional 76 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC increased its position in shares of NVIDIA by 0.3% during the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $187.62 on Friday. The stock has a fifty day moving average price of $178.11 and a 200-day moving average price of $148.15. The company has a market cap of $4.56 trillion, a price-to-earnings ratio of 53.45, a PEG ratio of 1.37 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $191.05.

NVIDIA (NASDAQ:NVDA) last released its 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. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVDA. Craig Hallum lifted their target price on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wolfe Research lifted their target price on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. New Street Research lifted their target price on NVIDIA from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Daiwa Capital Markets lifted their target price on NVIDIA from $165.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Finally, Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $211.00.

NVIDIA 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.