Spirepoint Private Client LLC Purchases 349 Shares of NVIDIA Corporation $NVDA

Spirepoint Private Client LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 138,619 shares of the computer hardware maker’s stock after purchasing an additional 349 shares during the quarter. NVIDIA accounts for 2.5% of Spirepoint Private Client LLC’s portfolio, making the stock its 7th largest position. Spirepoint Private Client LLC’s holdings in NVIDIA were worth $21,900,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% in 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. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter worth $51,000. Bruce G. Allen Investments LLC boosted its position in shares of NVIDIA by 198.2% in 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. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the second quarter worth $55,000. Finally, Campbell Capital Management Inc. boosted its position in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Down 4.9%

NVDA stock opened at $183.16 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. 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 business’s 50 day moving average is $179.16 and its 200-day moving average is $150.49. 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 (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. The business had revenue of $46.74 billion for 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%.NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Daiwa Capital Markets lifted their price objective on NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. DA Davidson upgraded NVIDIA from a “neutral” rating to a “buy” rating and raised their target price for the company from $195.00 to $210.00 in a report on Thursday, September 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group set a $210.00 price target on NVIDIA and gave the stock a “buy” rating in a research report on Monday. Four equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.84.

Insider Activity

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,925,379 shares of company stock worth $694,277,421 in the last 90 days. Corporate insiders own 4.17% of the company’s stock.

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.