Berkshire Money Management Inc. Has $2.42 Million Position in NVIDIA Corporation $NVDA

Berkshire Money Management Inc. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,323 shares of the computer hardware maker’s stock after buying an additional 258 shares during the quarter. NVIDIA comprises 0.3% of Berkshire Money Management Inc.’s portfolio, making the stock its 29th biggest holding. Berkshire Money Management Inc.’s holdings in NVIDIA were worth $2,421,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NVDA. Pachira Investments Inc. increased its stake in shares of NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after acquiring an additional 63 shares during the last quarter. Warner Financial Inc. grew its position in shares of NVIDIA by 2.3% in the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock valued at $460,000 after purchasing an additional 66 shares during the period. HFG Wealth Management LLC grew its position in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after purchasing an additional 68 shares during the period. Hidden Cove Wealth Management LLC grew its position in shares of NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock valued at $3,757,000 after purchasing an additional 69 shares during the period. Finally, Summit Financial Strategies Inc. grew its position in shares of NVIDIA by 0.6% in the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock valued at $1,839,000 after purchasing an additional 69 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVDA. Jefferies Financial Group reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of NVIDIA in a research report on Monday, September 29th. TD Cowen boosted their price objective on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Wolfe Research boosted their price objective on NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. Mizuho boosted their price objective on NVIDIA from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Barclays reiterated an “overweight” rating and issued a $240.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $222.23.

NVIDIA Trading Up 2.3%

NASDAQ:NVDA opened at $186.26 on Friday. The company has a market cap of $4.53 trillion, a P/E ratio of 53.07, a price-to-earnings-growth ratio of 1.31 and a beta of 2.12. 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 twelve month low of $86.62 and a twelve month high of $195.62. The business has a 50 day moving average price of $179.46 and a two-hundred day moving average price of $155.82.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during 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 firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Activity at NVIDIA

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

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.