InTrack Investment Management Inc Boosts Position in NVIDIA Corporation $NVDA

InTrack Investment Management Inc boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,979 shares of the computer hardware maker’s stock after acquiring an additional 2,798 shares during the quarter. NVIDIA accounts for about 2.9% of InTrack Investment Management Inc’s portfolio, making the stock its 6th largest position. InTrack Investment Management Inc’s holdings in NVIDIA were worth $4,262,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Values Added Financial LLC boosted its stake in shares of NVIDIA by 14.9% in the 2nd quarter. Values Added Financial LLC now owns 8,401 shares of the computer hardware maker’s stock valued at $1,327,000 after purchasing an additional 1,088 shares during the last quarter. Cornerstone Enterprises LLC boosted its stake in shares of NVIDIA by 12.0% in the 2nd quarter. Cornerstone Enterprises LLC now owns 83,848 shares of the computer hardware maker’s stock valued at $13,247,000 after purchasing an additional 8,964 shares during the last quarter. Cohen Investment Advisors LLC boosted its stake in shares of NVIDIA by 65.8% in the 2nd quarter. Cohen Investment Advisors LLC now owns 28,452 shares of the computer hardware maker’s stock valued at $4,495,000 after purchasing an additional 11,293 shares during the last quarter. Trifecta Capital Advisors LLC lifted its position in shares of NVIDIA by 11.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 231,308 shares of the computer hardware maker’s stock valued at $36,544,000 after acquiring an additional 22,949 shares during the period. Finally, Rye Brook Capital LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at $158,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVDA opened at $207.04 on Thursday. The firm has a market cap of $5.03 trillion, a P/E ratio of 58.99, a PEG ratio of 1.45 and a beta of 2.12. The firm has a 50-day moving average of $180.79 and a 200 day moving average of $158.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. Arete boosted their target price on shares of NVIDIA from $235.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of NVIDIA in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Robert W. Baird upped their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Finally, The Goldman Sachs Group set a $210.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Monday, October 6th. Five 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 data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $227.26.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares in the company, valued at approximately $12,333,277,791.90. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,751,577 shares of company stock worth $670,766,375. 4.17% of the stock is owned by company insiders.

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.