Means Investment CO. Inc. Buys 5,044 Shares of NVIDIA Corporation $NVDA

Means Investment CO. Inc. increased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,952 shares of the computer hardware maker’s stock after acquiring an additional 5,044 shares during the quarter. NVIDIA comprises approximately 4.1% of Means Investment CO. Inc.’s holdings, making the stock its 6th largest holding. Means Investment CO. Inc.’s holdings in NVIDIA were worth $43,440,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the first 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 acquired a new position in shares of NVIDIA in the first quarter valued at $51,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the second quarter valued at $55,000. Campbell Capital Management Inc. lifted its position in NVIDIA by 5,900.0% in 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 during the period. Finally, Westend Capital Management LLC boosted its stake in NVIDIA by 46.8% during the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVDA. Bank of America increased their price objective on shares of NVIDIA from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BNP Paribas raised NVIDIA to a “hold” rating in a report on Friday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Daiwa Capital Markets boosted their target price on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Finally, Citigroup reiterated a “buy” rating and set a $210.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Tuesday, September 30th. 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 company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and an average price target of $233.25.

NVIDIA Stock Performance

Shares of NVIDIA stock 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 firm has a 50 day simple moving average of $182.38 and a 200 day simple moving average of $160.79. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market cap of $5.03 trillion, a P/E ratio of 58.94, a P/E/G ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm 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 quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a dividend of $0.01 per share. 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 dividend payout ratio is presently 1.14%.

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 sale, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $5,014,448.80. Following the completion of the transaction, the chief financial officer directly owned 2,855,762 shares in the company, valued at approximately $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. 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 corporate insiders.

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.