LifeSteps Financial Inc. Has $7.96 Million Position in NVIDIA Corporation $NVDA

LifeSteps Financial Inc. raised its stake in NVIDIA Corporation (NASDAQ:NVDA) by 5.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,367 shares of the computer hardware maker’s stock after purchasing an additional 2,391 shares during the quarter. NVIDIA makes up about 5.5% of LifeSteps Financial Inc.’s portfolio, making the stock its 3rd biggest holding. LifeSteps Financial Inc.’s holdings in NVIDIA were worth $7,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of NVDA. Kingstone Capital Partners Texas LLC grew its stake in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC bought a new position in NVIDIA in the first quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. grew its stake in NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. Amundi grew its stake in NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after purchasing an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio bought a new position in NVIDIA in the first quarter valued at approximately $1,163,288,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $201.03 on Wednesday. The stock has a market capitalization of $4.89 trillion, a PE ratio of 57.27, a P/E/G ratio of 1.38 and a beta of 2.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a fifty day moving average price of $180.16 and a two-hundred day moving average price of $157.72. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $203.15.

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

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% 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. Corporate insiders own 4.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. Jefferies Financial Group restated a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of NVIDIA in a research note on Monday, September 29th. Citigroup reiterated a “buy” rating and set a $210.00 target price (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Arete lifted their target price on NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. S&P Equity Research reiterated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Finally, Robert W. Baird lifted their target price on NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $222.23.

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.