M.E. Allison & CO. Inc. Has $1.21 Million Stock Position in NVIDIA Corporation $NVDA

M.E. Allison & CO. Inc. increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,660 shares of the computer hardware maker’s stock after buying an additional 1,157 shares during the quarter. NVIDIA makes up 1.0% of M.E. Allison & CO. Inc.’s holdings, making the stock its 28th biggest position. M.E. Allison & CO. Inc.’s holdings in NVIDIA were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Morton Brown Family Wealth LLC increased its position in NVIDIA by 1.5% during the second quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock worth $621,000 after buying an additional 58 shares during the last quarter. Pachira Investments Inc. lifted its holdings in NVIDIA by 1.0% during the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock valued at $1,019,000 after purchasing an additional 63 shares during the last quarter. Warner Financial Inc. lifted its holdings in NVIDIA by 2.3% during the 2nd quarter. Warner Financial Inc. now owns 2,911 shares of the computer hardware maker’s stock valued at $460,000 after purchasing an additional 66 shares during the last quarter. HFG Wealth Management LLC lifted its holdings in NVIDIA by 3.4% during the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock valued at $328,000 after purchasing an additional 68 shares during the last quarter. Finally, Hidden Cove Wealth Management LLC lifted its holdings in shares of NVIDIA by 0.3% during the second quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NVDA. Rosenblatt Securities raised their price target on NVIDIA from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a research report on Wednesday, October 29th. Barclays reiterated an “overweight” rating and issued a $240.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, September 22nd. BNP Paribas upgraded NVIDIA to a “hold” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 target price (up previously from $210.00) on shares of NVIDIA in a research report on Friday. Five investment 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $233.75.

NVIDIA Price Performance

NVIDIA stock opened at $198.69 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $212.19. The stock’s 50 day moving average price is $182.72 and its two-hundred day moving average price is $161.48. The stock has a market capitalization of $4.83 trillion, a price-to-earnings ratio of 56.61, a PEG ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results 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 business had revenue of $46.74 billion during 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%.NVIDIA’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio is 1.14%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the transaction, the chief executive officer owned 72,698,366 shares in the company, valued at $12,333,277,791.90. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,503,937 shares of company stock worth $627,687,846 in the last quarter. 4.17% of the stock is currently owned by company 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.