NVIDIA Corporation $NVDA Stock Position Increased by Formidable Asset Management LLC

Formidable Asset Management LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,348 shares of the computer hardware maker’s stock after purchasing an additional 476 shares during the period. NVIDIA comprises about 3.6% of Formidable Asset Management LLC’s portfolio, making the stock its 4th biggest position. Formidable Asset Management LLC’s holdings in NVIDIA were worth $22,964,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the second quarter worth approximately $55,000. Kathleen S. Wright Associates Inc. increased its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the period. Westend Capital Management LLC increased its stake in shares of NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the first quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Craig Hallum upped their price target on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Bank of America upped their price target on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 28th. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 price target (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.84.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $183.16 on Friday. 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 has a fifty day moving average price of $179.16 and a 200 day moving average price of $150.49. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company has a market cap of $4.45 trillion, a PE ratio of 52.18, a P/E/G ratio of 1.39 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. The company’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 forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value 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 represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 73,748,225 shares of the company’s stock, valued at $13,181,757,736.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,925,379 shares of company stock worth $694,277,421. 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.