Northside Capital Management LLC Boosts Holdings in NVIDIA Corporation $NVDA

Northside Capital Management LLC boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,861 shares of the computer hardware maker’s stock after acquiring an additional 2,943 shares during the period. Northside Capital Management LLC’s holdings in NVIDIA were worth $6,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during 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 in the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% during 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 in the last quarter. Finally, Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% during 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 in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $240.00 price target on shares of NVIDIA in a research note on Friday. Citigroup reiterated a “buy” rating and issued a $210.00 price objective (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Daiwa Capital Markets increased their price objective 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, Bank of America increased their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $211.00.

NVIDIA Price Performance

NVIDIA stock opened at $187.62 on Friday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $191.05. The stock has a market cap of $4.56 trillion, a P/E ratio of 53.45, a PEG ratio of 1.36 and a beta of 2.12. The company has a 50-day moving average price of $178.11 and a 200 day moving average price of $148.36. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the completion of the sale, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,097,407 shares of company stock worth $714,378,504 over the last 90 days. 4.17% of the stock is owned by corporate 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.