NVIDIA Corporation $NVDA Shares Purchased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 94.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,492 shares of the computer hardware maker’s stock after acquiring an additional 30,903 shares during the quarter. NVIDIA makes up approximately 0.5% of Mainstay Capital Management LLC ADV’s holdings, making the stock its 17th biggest holding. Mainstay Capital Management LLC ADV’s holdings in NVIDIA were worth $10,031,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Boomfish Wealth Group LLC boosted its holdings in shares of NVIDIA by 16.8% during the second quarter. Boomfish Wealth Group LLC now owns 35,824 shares of the computer hardware maker’s stock worth $5,660,000 after purchasing an additional 5,146 shares during the last quarter. MFA Wealth Services boosted its holdings in shares of NVIDIA by 2.8% during the second quarter. MFA Wealth Services now owns 6,930 shares of the computer hardware maker’s stock worth $1,095,000 after purchasing an additional 189 shares during the last quarter. Leo Wealth LLC boosted its stake in NVIDIA by 96.5% in the 2nd quarter. Leo Wealth LLC now owns 73,404 shares of the computer hardware maker’s stock worth $11,581,000 after buying an additional 36,057 shares during the last quarter. Lokken Investment Group LLC boosted its stake in NVIDIA by 7.9% in the 2nd quarter. Lokken Investment Group LLC now owns 10,829 shares of the computer hardware maker’s stock worth $1,711,000 after buying an additional 793 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in NVIDIA by 39.8% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 6,258 shares of the computer hardware maker’s stock worth $989,000 after buying an additional 1,781 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVIDIA stock opened at $202.76 on Friday. The stock’s 50 day moving average price is $181.35 and its 200 day moving average price is $158.70. The firm has a market capitalization of $4.93 trillion, a PE ratio of 57.77, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12. 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 one year low of $86.62 and a one year high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s quarterly 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 expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the topic of several research analyst reports. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $215.00 target price on shares of NVIDIA in a research report on Tuesday, September 23rd. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. 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. Finally, Evercore ISI set a $261.00 target price on NVIDIA and gave the company an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $229.38.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at $518,092,342.04. The trade was a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Monday, October 27th. The stock was 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. This trade represents a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,676,577 shares of company stock worth $657,716,375 over the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA 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.