NVIDIA Corporation $NVDA is Covea Finance’s 3rd Largest Position

Covea Finance raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 601,156 shares of the computer hardware maker’s stock after purchasing an additional 66,415 shares during the quarter. NVIDIA accounts for 3.5% of Covea Finance’s portfolio, making the stock its 3rd largest position. Covea Finance’s holdings in NVIDIA were worth $94,977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Unified Investment Management grew its stake in NVIDIA by 0.7% during the 2nd quarter. Unified Investment Management now owns 11,718 shares of the computer hardware maker’s stock valued at $1,851,000 after purchasing an additional 76 shares in the last quarter. Hidden Cove Wealth Management LLC grew its position in shares of NVIDIA by 0.3% in 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 acquiring an additional 69 shares in the last quarter. Eaton Financial Holdings Company LLC grew its position in shares of NVIDIA by 94.1% in the 2nd quarter. Eaton Financial Holdings Company LLC now owns 67,802 shares of the computer hardware maker’s stock worth $10,712,000 after acquiring an additional 32,866 shares in the last quarter. Family Investment Center Inc. acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $755,000. Finally, Kelly Financial Group LLC grew its position in shares of NVIDIA by 10.2% in the 2nd quarter. Kelly Financial Group LLC now owns 3,179 shares of the computer hardware maker’s stock worth $532,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NVDA shares. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Wolfe Research boosted their price objective on NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Finally, Truist Financial lifted their target price on NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from 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 related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Monday, July 14th. The stock was sold at an average price of $164.36, for a total value of $12,327,000.00. Following the completion of the transaction, the chief executive officer owned 74,648,225 shares in the company, valued at $12,269,182,261. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock worth $714,378,504 in the last three months. 4.17% of the stock is currently owned by insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $187.62 on Friday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market capitalization 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 stock’s fifty day simple moving average is $178.11 and its 200 day simple moving average is $148.15. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $191.05.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.