NVIDIA Corporation $NVDA Shares Acquired by Red Tortoise LLC

Red Tortoise LLC raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 50.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 823 shares of the computer hardware maker’s stock after purchasing an additional 276 shares during the period. Red Tortoise LLC’s holdings in NVIDIA were worth $130,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. increased its position in shares of 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 period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 2nd quarter valued at $55,000. Campbell Capital Management Inc. increased its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after acquiring an additional 590 shares during the period. Finally, Luken Investment Analytics LLC increased its position in shares of 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 acquiring an additional 321 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock worth $678,643,875 in the last 90 days. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.3%

NVDA stock opened at $186.26 on Friday. The company’s 50-day simple moving average is $179.46 and its 200-day simple moving average is $155.82. 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 52-week low of $86.62 and a 52-week high of $195.62. The firm has a market cap of $4.53 trillion, a P/E ratio of 53.07, a PEG ratio of 1.31 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the company a “buy” rating in a report on Monday, October 6th. Evercore ISI upped their price target on shares of NVIDIA from $214.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Citigroup reaffirmed a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of NVIDIA in a report on Tuesday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of NVIDIA in a report on Monday, September 29th. Finally, Wells Fargo & Company upped their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $222.23.

NVIDIA Company 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.