Hobbs Group Advisors LLC Boosts Stake in NVIDIA Corporation $NVDA

Hobbs Group Advisors LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 39.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,498 shares of the computer hardware maker’s stock after purchasing an additional 2,995 shares during the quarter. Hobbs Group Advisors LLC’s holdings in NVIDIA were worth $1,659,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter worth about $51,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the second quarter worth about $55,000. Campbell Capital Management Inc. lifted its position in shares of NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock worth $65,000 after purchasing an additional 590 shares in the last quarter. Finally, Westend Capital Management LLC boosted its stake in shares of NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 145 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Loop Capital upped their target price on shares of NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday. Craig Hallum boosted their target price on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Arete upped their price target on NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Phillip Securities upgraded NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $215.00 target price on shares of NVIDIA in a research note on Friday, September 19th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $233.25.

NVIDIA Trading Up 2.2%

NASDAQ NVDA opened at $206.88 on Tuesday. The firm’s fifty day moving average price is $182.38 and its 200 day moving average price is $160.79. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. 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 market capitalization of $5.03 trillion, a price-to-earnings ratio of 58.94, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is currently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the transaction, the chief financial officer directly owned 2,855,762 shares of the company’s stock, valued at approximately $518,092,342.04. This trade represents a 0.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,578,937 shares of company stock valued at $641,069,346. 4.17% of the stock is owned by company insiders.

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.