Acorn Creek Capital LLC Raises Holdings in NVIDIA Corporation $NVDA

Acorn Creek Capital LLC increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,075 shares of the computer hardware maker’s stock after purchasing an additional 392 shares during the quarter. NVIDIA accounts for 1.1% of Acorn Creek Capital LLC’s portfolio, making the stock its 15th biggest holding. Acorn Creek Capital LLC’s holdings in NVIDIA were worth $2,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Astoria Portfolio Advisors LLC. boosted its holdings in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock worth $9,610,000 after buying an additional 864 shares during the last quarter. Centerpoint Advisory Group raised its position in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock worth $4,270,000 after acquiring an additional 943 shares during the period. Fielder Capital Group LLC raised its position in NVIDIA by 9.7% in the first quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock worth $5,470,000 after acquiring an additional 4,444 shares during the period. MADDEN SECURITIES Corp increased its stake in shares of NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares in the last quarter. Finally, Sentinel Pension Advisors LLC increased its stake in shares of NVIDIA by 4.1% in the 2nd quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after purchasing an additional 107 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Mizuho set a $235.00 price target on NVIDIA in a report on Wednesday, October 29th. Bank of America lifted their price objective on NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Needham & Company LLC lifted their price objective on NVIDIA from $200.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup restated a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Finally, New Street Research restated a “buy” rating and set a $307.00 target price on shares of NVIDIA in a research note on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus target price of $233.25.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was 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. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer owned 2,855,762 shares of the company’s stock, valued at $518,092,342.04. This represents a 0.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,578,937 shares of company stock worth $641,069,346 over the last ninety days. Insiders own 4.17% of the company’s stock.

NVIDIA Trading Up 2.2%

Shares of NVDA opened at $206.88 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The company has a 50 day simple moving average of $182.38 and a two-hundred day simple moving average of $160.79. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm has a market cap of $5.03 trillion, a P/E ratio of 58.94, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm 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%. NVIDIA’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, equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued 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 payout ratio is 1.14%.

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.