IFP Advisors Inc grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 379,494 shares of the computer hardware maker’s stock after acquiring an additional 1,141 shares during the quarter. NVIDIA accounts for approximately 1.7% of IFP Advisors Inc’s portfolio, making the stock its 2nd largest holding. IFP Advisors Inc’s holdings in NVIDIA were worth $59,958,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Financial Security Advisor Inc. boosted its holdings in NVIDIA by 7.6% during the second quarter. Financial Security Advisor Inc. now owns 41,897 shares of the computer hardware maker’s stock worth $6,620,000 after purchasing an additional 2,943 shares during the last quarter. Trevian Wealth Management LLC boosted its position in NVIDIA by 3.3% in the second quarter. Trevian Wealth Management LLC now owns 3,450 shares of the computer hardware maker’s stock worth $545,000 after purchasing an additional 110 shares during the last quarter. Callan Family Office LLC boosted its holdings in shares of NVIDIA by 201.7% in the 2nd quarter. Callan Family Office LLC now owns 785,706 shares of the computer hardware maker’s stock worth $124,134,000 after buying an additional 525,286 shares during the last quarter. Court Place Advisors LLC boosted its holdings in shares of NVIDIA by 2.4% in the 2nd quarter. Court Place Advisors LLC now owns 49,398 shares of the computer hardware maker’s stock worth $7,804,000 after buying an additional 1,166 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in shares of NVIDIA by 4.1% in the 2nd quarter. Blair William & Co. IL now owns 5,599,138 shares of the computer hardware maker’s stock worth $884,608,000 after buying an additional 218,564 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Wedbush reiterated an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Evercore ISI set a $261.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research report on Tuesday, September 23rd. Five 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $229.38.
NVIDIA Stock Performance
NASDAQ NVDA opened at $202.76 on Friday. 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 Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The stock has a market capitalization of $4.93 trillion, a PE ratio of 57.77, a P/E/G ratio of 1.49 and a beta of 2.12. The company’s 50 day simple moving average is $181.35 and its two-hundred day simple moving average is $158.70.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.
Insider Buying and Selling
In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. This trade represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 69,783,203 shares in the company, valued at approximately $13,309,750,308.19. This trade represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,676,577 shares of company stock worth $657,716,375 over the last ninety days. 4.17% of the stock is currently owned by 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.
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