NVIDIA Corporation $NVDA is Udine Wealth Management Inc.’s 8th Largest Position

Udine Wealth Management Inc. lowered its position in NVIDIA Corporation (NASDAQ:NVDA) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,412 shares of the computer hardware maker’s stock after selling 1,877 shares during the period. NVIDIA makes up approximately 3.0% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 8th largest holding. Udine Wealth Management Inc.’s holdings in NVIDIA were worth $5,121,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its position in NVIDIA by 267,959.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares in the last quarter. Nuveen LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. Amundi boosted its holdings in NVIDIA by 16.0% during the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after buying an additional 18,733,431 shares in the last quarter. Finally, Strs Ohio purchased a new position in NVIDIA in the first quarter valued at $1,163,288,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on NVDA shares. Benchmark raised their price objective on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. UBS Group set a $235.00 price target on shares of NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 29th. Wolfe Research set a $230.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Barclays reaffirmed an “overweight” rating and set a $240.00 price objective (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Finally, Needham & Company LLC boosted their target price on shares of NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $233.25.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $206.88 on Tuesday. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a 50 day moving average price of $182.38 and a 200 day moving average price of $160.79. The stock has a market capitalization of $5.03 trillion, a P/E ratio of 58.94, a PEG 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion during the quarter, compared to analysts’ expectations of $45.65 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is currently 1.14%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 2,855,762 shares in the company, valued at $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 through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This represents a 0.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,578,937 shares of company stock valued at $641,069,346. 4.17% of the stock is owned by corporate 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.