Morangie Management LLC Buys 4,570 Shares of NVIDIA Corporation $NVDA

Morangie Management LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 54.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,034 shares of the computer hardware maker’s stock after buying an additional 4,570 shares during the period. NVIDIA makes up approximately 1.8% of Morangie Management LLC’s investment portfolio, making the stock its 13th biggest position. Morangie Management LLC’s holdings in NVIDIA were worth $2,059,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the first 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. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the first 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. Campbell Capital Management Inc. raised its position in NVIDIA by 5,900.0% during the first 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. Finally, Luken Investment Analytics LLC raised its position in NVIDIA by 107.0% during the first quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after purchasing an additional 321 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $185.04 on Wednesday. The company has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 52.72, a PEG ratio of 1.34 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $191.05. The stock has a fifty day simple moving average of $178.48 and a 200 day simple moving average of $149.30. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 business 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%.NVIDIA’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given 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 yield of 0.0%. NVIDIA’s dividend payout ratio is 1.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Craig Hallum boosted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Barclays restated an “overweight” rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Citigroup restated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Jefferies Financial Group reiterated a “buy” rating and set a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Finally, Stifel Nicolaus upped their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Four 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.26.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $185.79, for a total transaction of $13,934,250.00. Following the sale, the chief executive officer owned 70,858,203 shares of the company’s stock, valued at approximately $13,164,745,535.37. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $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 3,947,622 shares of company stock worth $694,333,235 in the last ninety days. Insiders own 4.17% of the company’s stock.

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.