EdgeRock Capital LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,590 shares of the computer hardware maker’s stock after acquiring an additional 6,272 shares during the period. NVIDIA makes up approximately 2.1% of EdgeRock Capital LLC’s portfolio, making the stock its 14th biggest holding. EdgeRock Capital LLC’s holdings in NVIDIA were worth $6,571,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pachira Investments Inc. raised its holdings in shares of NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after purchasing an additional 63 shares during the period. HFG Wealth Management LLC raised its holdings in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after purchasing an additional 68 shares during the period. Hidden Cove Wealth Management LLC raised its holdings 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 purchasing an additional 69 shares during the period. Burkett Financial Services LLC raised its holdings in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after purchasing an additional 70 shares during the period. Finally, Guided Capital Wealth Management LLC raised its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Guided Capital Wealth Management LLC now owns 27,858 shares of the computer hardware maker’s stock worth $4,401,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Friday, September 5th. Citigroup reiterated a “buy” rating and issued a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Stifel Nicolaus increased their target price on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Evercore ISI increased their target price on NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Finally, Wolfe Research increased their target price on NVIDIA from $220.00 to $230.00 in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $211.26.
Insider Activity at NVIDIA
In related news, CFO Colette Kress sold 30,500 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer owned 2,883,402 shares of the company’s stock, valued at approximately $508,632,112.80. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $185.79, for a total value of $13,934,250.00. Following the completion of the sale, the chief executive officer directly owned 70,858,203 shares in the company, valued at approximately $13,164,745,535.37. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,898,491 shares of company stock worth $686,333,234. Company insiders own 4.17% of the company’s stock.
NVIDIA Price Performance
Shares of NVDA opened at $189.11 on Thursday. The firm has a market cap of $4.60 trillion, a price-to-earnings ratio of 53.88, a PEG ratio of 1.34 and a beta of 2.12. The stock has a 50 day moving average of $178.67 and a 200-day moving average of $149.57. 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 Corporation has a 52 week low of $86.62 and a 52 week high of $191.05.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 55.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.
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.
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