NVIDIA Corporation $NVDA is Hidden Cove Wealth Management LLC’s 9th Largest Position

Hidden Cove Wealth Management LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,778 shares of the computer hardware maker’s stock after purchasing an additional 69 shares during the quarter. NVIDIA comprises 2.7% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Hidden Cove Wealth Management LLC’s holdings in NVIDIA were worth $3,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management purchased a new stake in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after purchasing an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NVDA. Truist Financial upped their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research note on Saturday, September 27th. Phillip Securities raised shares of NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Wolfe Research boosted their price objective on shares of NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued 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 has an average rating of “Moderate Buy” and an average price target of $211.00.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $164.36, for a total value of $12,327,000.00. Following the transaction, the chief executive officer directly owned 74,648,225 shares in the company, valued at approximately $12,269,182,261. This represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated 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 owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,097,407 shares of company stock worth $714,378,504. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NASDAQ:NVDA opened at $187.62 on Friday. The firm has a market cap of $4.56 trillion, a price-to-earnings ratio of 53.45, a price-to-earnings-growth ratio of 1.37 and a beta of 2.12. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $178.11 and its two-hundred day moving average is $148.15. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were 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 was Thursday, September 11th. NVIDIA’s dividend payout ratio is 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.