Fortis Advisors LLC Purchases Shares of 1,400 NVIDIA Corporation $NVDA

Fortis Advisors LLC purchased a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,400 shares of the computer hardware maker’s stock, valued at approximately $221,000.

A number of other hedge funds have also bought and sold shares of NVDA. Brighton Jones LLC boosted its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after acquiring an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after acquiring an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares during the last quarter. Hudson Value Partners LLC boosted its holdings in shares of NVIDIA by 30.7% in the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 15.7% in the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after acquiring an additional 896 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated 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 owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $190.73, for a total transaction of $4,768,250.00. Following the completion of the sale, the chief executive officer owned 69,783,203 shares of the company’s stock, valued at approximately $13,309,750,308.19. The trade was a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,751,577 shares of company stock valued at $670,766,375. 4.17% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NVDA shares. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Wedbush reissued an “outperform” rating and set a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Truist Financial lifted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Barclays reissued an “overweight” rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Finally, TD Cowen lifted their price target on NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average target price of $222.23.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $201.03 on Wednesday. The firm has a 50-day simple moving average of $180.16 and a 200-day simple moving average of $157.72. The stock has a market capitalization of $4.89 trillion, a price-to-earnings ratio of 57.27, a price-to-earnings-growth ratio of 1.38 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 52 week low of $86.62 and a 52 week high of $203.15.

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

NVIDIA Dividend Announcement

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

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.