Carolina Wealth Advisors LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 40.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 941 shares of the computer hardware maker’s stock after purchasing an additional 273 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in NVIDIA were worth $149,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter worth approximately $55,000. Campbell Capital Management Inc. boosted its stake in 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 during the last quarter. Finally, Luken Investment Analytics LLC grew its holdings in NVIDIA by 107.0% in the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock valued at $67,000 after buying an additional 321 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on NVDA. Weiss Ratings reissued a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, October 8th. Wall Street Zen raised shares of NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday. Mizuho increased their price objective on NVIDIA from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Finally, Evercore ISI increased their price target on NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $222.23.
Insiders Place Their Bets
In other news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $183.38, for a total value of $13,753,500.00. Following the completion of the transaction, the chief executive officer owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 3,753,937 shares of company stock worth $669,548,776 over the last 90 days. 4.17% of the stock is currently owned by company insiders.
NVIDIA Stock Down 0.5%
Shares of NASDAQ:NVDA opened at $180.28 on Thursday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $195.62. The firm’s 50 day moving average price is $179.34 and its 200 day moving average price is $154.61. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 51.36, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 net margin of 52.41% and a return on equity of 101.74%. The company’s revenue was up 55.6% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently declared 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 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.
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.
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