Consolidated Capital Management LLC Buys 10,587 Shares of NVIDIA Corporation $NVDA

Consolidated Capital Management LLC raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 24.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,728 shares of the computer hardware maker’s stock after acquiring an additional 10,587 shares during the period. NVIDIA comprises about 3.1% of Consolidated Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Consolidated Capital Management LLC’s holdings in NVIDIA were worth $8,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC grew its position in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after acquiring an additional 382,231,120 shares during the period. Nuveen LLC bought a new stake in NVIDIA in the first quarter valued at $15,089,414,000. Goldman Sachs Group Inc. grew its position in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker’s stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the period. Finally, Amundi grew its position in NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NVDA. Evercore ISI raised 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. The Goldman Sachs Group set a $210.00 target price on NVIDIA and gave the company a “buy” rating in a research note on Monday. Barclays restated an “overweight” rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Jefferies Financial Group restated a “buy” rating and issued a $220.00 target price (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given 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 a consensus price target of $212.84.

Insiders Place Their Bets

In other NVIDIA news, 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 transaction, the director owned 7,399,803 shares of the company’s stock, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $178.74, for a total value of $13,405,500.00. Following the transaction, the chief executive officer directly owned 73,748,225 shares in the company, valued at $13,181,757,736.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,925,379 shares of company stock valued at $694,277,421 in the last 90 days. 4.17% of the stock is currently owned by insiders.

NVIDIA Trading Down 4.9%

NASDAQ NVDA opened at $183.16 on Friday. The firm has a market cap of $4.45 trillion, a P/E ratio of 52.18, a P/E/G ratio of 1.39 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock’s 50-day moving average is $179.16 and its 200-day moving average is $150.49. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. NVIDIA’s revenue was up 55.6% compared to the same quarter last year. 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 fiscal year.

NVIDIA Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio 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.