Montgomery Investment Management Inc. Acquires 800 Shares of NVIDIA Corporation $NVDA

Montgomery Investment Management Inc. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 15.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,920 shares of the computer hardware maker’s stock after purchasing an additional 800 shares during the period. Montgomery Investment Management Inc.’s holdings in NVIDIA were worth $935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. increased its holdings 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 in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter worth $51,000. Bruce G. Allen Investments LLC increased its holdings 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 in the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the second quarter worth $55,000. Finally, Campbell Capital Management Inc. increased its holdings in shares of NVIDIA by 5,900.0% during 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the completion of the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,753,937 shares of company stock worth $667,769,026. Corporate insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. UBS Group set a $320.00 price objective on NVIDIA in a report on Wednesday. KeyCorp restated an “overweight” rating and issued a $250.00 price objective (up from $230.00) on shares of NVIDIA in a report on Tuesday, September 30th. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, New Street Research increased their price objective on NVIDIA from $200.00 to $235.00 and gave the company a “buy” rating in a report on Friday, September 12th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $222.23.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $183.22 on Friday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The stock has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.20, a PEG ratio of 1.32 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The firm’s 50-day simple moving average is $179.40 and its 200 day simple moving average is $153.27.

NVIDIA (NASDAQ:NVDA) last announced 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 firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.