Armstrong Fleming & Moore Inc Takes Position in NVIDIA Corporation $NVDA

Armstrong Fleming & Moore Inc purchased a new position in NVIDIA Corporation (NASDAQ:NVDA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,271 shares of the computer hardware maker’s stock, valued at approximately $3,677,000. NVIDIA makes up about 2.0% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 8th largest holding.

Several other institutional investors have also modified their holdings of NVDA. Pachira Investments Inc. grew its position in NVIDIA by 1.0% in the second quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after acquiring an additional 63 shares in the last quarter. Warner Financial Inc. grew its position in NVIDIA by 2.3% in the second quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock worth $460,000 after acquiring an additional 66 shares in the last quarter. HFG Wealth Management LLC grew its position in NVIDIA by 3.4% in the second quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after acquiring an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC grew its position in NVIDIA by 0.3% in the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after acquiring an additional 69 shares in the last quarter. Finally, Summit Financial Strategies Inc. boosted its holdings in shares of NVIDIA by 0.6% during the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock worth $1,839,000 after buying an additional 69 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the transaction, the chief executive officer directly owned 72,698,366 shares of the company’s stock, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,751,577 shares of company stock worth $670,766,375. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 3.0%

NVIDIA stock opened at $207.04 on Thursday. The company’s 50 day simple moving average is $180.79 and its 200 day simple moving average is $158.39. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 58.99, a PEG ratio of 1.45 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.

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

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho set a $235.00 price objective on shares of NVIDIA in a report on Wednesday. Citigroup reissued 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. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, August 19th. Stifel Nicolaus increased their price target on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday, August 25th. Finally, Arete increased their price target on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $227.26.

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.