Stiles Financial Services Inc lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 153,565 shares of the computer hardware maker’s stock after purchasing an additional 1,904 shares during the quarter. NVIDIA comprises approximately 8.4% of Stiles Financial Services Inc’s holdings, making the stock its largest holding. Stiles Financial Services Inc’s holdings in NVIDIA were worth $24,263,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after purchasing an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA during the 1st quarter worth about $51,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 2nd quarter worth about $55,000. Campbell Capital Management Inc. boosted its holdings in NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after acquiring an additional 590 shares during the period. Finally, Luken Investment Analytics LLC boosted its holdings in NVIDIA by 107.0% in the 1st quarter. Luken Investment Analytics LLC now owns 621 shares of the computer hardware maker’s stock worth $67,000 after acquiring an additional 321 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insider Transactions at NVIDIA
In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 72,698,366 shares of the company’s stock, valued at $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,701,577 shares of company stock valued at $662,914,125. 4.17% of the stock is currently owned by corporate insiders.
NVIDIA Stock Performance
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Analysts forecast that NVIDIA Corporation will post 2.77 EPS 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 paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is presently 1.14%.
Analyst Ratings Changes
A number of equities analysts have weighed in on NVDA shares. Melius Research set a $300.00 price target on NVIDIA in a report on Wednesday. Barclays restated an “overweight” rating and issued a $240.00 price target (up previously from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Stifel Nicolaus upped their price target on NVIDIA from $202.00 to $212.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Finally, BNP Paribas upgraded NVIDIA to a “hold” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $230.13.
Check Out Our Latest Stock Report on NVDA
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.
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