Sage Rhino Capital LLC Grows Stock Holdings in NVIDIA Corporation $NVDA

Sage Rhino Capital LLC grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,909 shares of the computer hardware maker’s stock after buying an additional 673 shares during the quarter. Sage Rhino Capital LLC’s holdings in NVIDIA were worth $4,725,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVDA. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research note on Tuesday, September 23rd. KeyCorp reissued an “overweight” rating and set a $250.00 target price (up from $230.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Oppenheimer reissued an “outperform” rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. TD Cowen boosted their target price on shares of NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $220.00 target price (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. Four investment 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.84.

NVIDIA Stock Down 4.9%

Shares of NASDAQ:NVDA opened at $183.16 on Friday. The stock has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.18, a price-to-earnings-growth ratio of 1.39 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company’s fifty day moving average is $179.16 and its two-hundred day moving average is $150.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $178.74, for a total transaction of $13,405,500.00. Following the completion of the transaction, the chief executive officer owned 73,748,225 shares in the company, valued at approximately $13,181,757,736.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% 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. Insiders own 4.17% of the company’s stock.

NVIDIA 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.