NVIDIA Corporation $NVDA Shares Acquired by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 34.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,015 shares of the computer hardware maker’s stock after buying an additional 1,028 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in NVIDIA were worth $634,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC raised its position in shares of NVIDIA by 267,959.7% in the 2nd 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 purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in shares of NVIDIA in the first quarter worth $15,089,414,000. Goldman Sachs Group Inc. grew its stake in shares of 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 worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of 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 buying an additional 23,948,733 shares during the period. Finally, Amundi lifted its holdings in shares of 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 buying an additional 18,733,431 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NVDA shares. Oppenheimer reaffirmed an “outperform” rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday. Rosenblatt Securities reissued a “buy” rating and issued a $215.00 price objective on shares of NVIDIA in a research note on Tuesday, September 23rd. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of “Buy” and an average price target of $222.23.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total value of $13,753,500.00. Following the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at $12,856,442,266.14. The trade was a 0.11% 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. Insiders sold 3,753,937 shares of company stock valued at $669,548,776 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Down 0.5%

Shares of NVIDIA stock opened at $180.28 on Thursday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $195.62. The business has a fifty day simple moving average of $179.34 and a 200 day simple moving average of $154.61. The stock has a market cap of $4.38 trillion, a PE ratio of 51.36, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 business had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current 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 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 of this dividend was Thursday, September 11th. NVIDIA’s payout ratio is presently 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.