NVIDIA Corporation $NVDA Stake Lifted by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC lifted its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,533 shares of the computer hardware maker’s stock after acquiring an additional 177 shares during the period. NVIDIA accounts for about 5.3% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Alta Wealth Advisors LLC’s holdings in NVIDIA were worth $11,302,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NVDA. Gemmer Asset Management LLC grew its stake in NVIDIA by 1.2% in the second quarter. Gemmer Asset Management LLC now owns 301,129 shares of the computer hardware maker’s stock worth $47,575,000 after purchasing an additional 3,697 shares during the period. Marietta Wealth Management LLC boosted its holdings in shares of NVIDIA by 0.3% during the 2nd quarter. Marietta Wealth Management LLC now owns 188,483 shares of the computer hardware maker’s stock valued at $29,778,000 after buying an additional 507 shares in the last quarter. Simplicity Wealth LLC boosted its holdings in shares of NVIDIA by 68.8% during the 2nd quarter. Simplicity Wealth LLC now owns 320,488 shares of the computer hardware maker’s stock valued at $50,634,000 after buying an additional 130,672 shares in the last quarter. Chemung Canal Trust Co. grew its position in shares of NVIDIA by 239.2% in the 2nd quarter. Chemung Canal Trust Co. now owns 34,016 shares of the computer hardware maker’s stock worth $5,374,000 after buying an additional 23,987 shares during the period. Finally, OLD National Bancorp IN bought a new position in shares of NVIDIA in the 2nd quarter worth about $20,326,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $179.91, for a total transaction of $13,493,250.00. Following the completion of the sale, the chief executive officer directly owned 69,958,203 shares in the company, valued at $12,586,180,301.73. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the completion of the transaction, the chief financial officer owned 2,855,762 shares in the company, valued at $518,092,342.04. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,801,577 shares of company stock valued at $678,643,875 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Wedbush reissued an “outperform” rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. UBS Group set a $320.00 price target on NVIDIA in a research report on Wednesday, October 15th. Bank of America raised their price objective on NVIDIA from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Stifel Nicolaus lifted their price objective on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $220.00 target price (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Five research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $222.23.

NVIDIA Price Performance

NASDAQ NVDA opened at $182.16 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $195.62. The stock has a 50-day moving average of $179.35 and a 200 day moving average of $155.20. 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 company has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 51.90, a PEG ratio of 1.30 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced 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 firm had revenue of $46.74 billion during 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 business’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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