NVIDIA Corporation $NVDA Holdings Increased by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC boosted its position in NVIDIA Corporation (NASDAQ:NVDA) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,512 shares of the computer hardware maker’s stock after purchasing an additional 595 shares during the quarter. NVIDIA comprises 4.0% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Cerro Pacific Wealth Advisors LLC’s holdings in NVIDIA were worth $14,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Johnson Investment Counsel Inc. raised its position in shares of NVIDIA by 9.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 387,953 shares of the computer hardware maker’s stock valued at $61,293,000 after buying an additional 32,386 shares in the last quarter. waypoint wealth counsel grew its position in shares of NVIDIA by 5.7% in the 2nd quarter. waypoint wealth counsel now owns 27,353 shares of the computer hardware maker’s stock worth $4,322,000 after buying an additional 1,481 shares during the last quarter. Investment Advisory Group LLC grew its position in shares of NVIDIA by 6.3% in the 2nd quarter. Investment Advisory Group LLC now owns 14,154 shares of the computer hardware maker’s stock worth $2,236,000 after buying an additional 842 shares during the last quarter. AdviceOne Advisory Services LLC grew its position in shares of NVIDIA by 8.6% in the 2nd quarter. AdviceOne Advisory Services LLC now owns 10,708 shares of the computer hardware maker’s stock worth $1,692,000 after buying an additional 852 shares during the last quarter. Finally, 1858 Wealth Management LLC grew its position in shares of NVIDIA by 0.5% in the 2nd quarter. 1858 Wealth Management LLC now owns 38,999 shares of the computer hardware maker’s stock worth $6,161,000 after buying an additional 182 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction 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 owned 2,855,762 shares of the company’s stock, valued at approximately $518,092,342.04. This represents a 0.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,578,937 shares of company stock valued at $641,069,346 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $202.46 on Monday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $181.84 and a 200 day moving average price of $160.05. The stock has a market cap of $4.92 trillion, a PE ratio of 57.68, a P/E/G ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the company earned $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. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating and set a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. Truist Financial upped their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research set a $230.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen upgraded NVIDIA from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Five equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average target price of $230.13.

About NVIDIA

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.