NVIDIA Corporation $NVDA is Allspring Global Investments Holdings LLC’s 2nd Largest Position

Allspring Global Investments Holdings LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,492,196 shares of the computer hardware maker’s stock after buying an additional 657,744 shares during the quarter. NVIDIA makes up about 2.2% of Allspring Global Investments Holdings LLC’s holdings, making the stock its 2nd biggest position. Allspring Global Investments Holdings LLC’s holdings in NVIDIA were worth $1,301,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Astoria Portfolio Advisors LLC. grew its stake in NVIDIA by 0.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after buying an additional 864 shares during the last quarter. Centerpoint Advisory Group boosted its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker’s stock valued at $4,270,000 after acquiring an additional 943 shares in the last quarter. Fielder Capital Group LLC boosted 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 valued at $5,470,000 after buying an additional 4,444 shares in the last quarter. MADDEN SECURITIES Corp boosted its position in NVIDIA by 3.2% in the second quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock valued at $12,848,000 after buying an additional 2,484 shares in the last quarter. Finally, Sentinel Pension Advisors LLC raised its stake in shares of NVIDIA by 4.1% in the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock worth $433,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $181.42, for a total transaction of $5,014,448.80. Following the sale, the chief financial officer directly owned 2,855,762 shares in the company, valued at $518,092,342.04. The trade was a 0.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,503,937 shares of company stock worth $627,687,846 over the last ninety days. 4.17% of the stock is currently owned by insiders.

NVIDIA Price Performance

NVDA stock opened at $198.69 on Wednesday. The firm has a market cap of $4.83 trillion, a P/E ratio of 56.61, a P/E/G ratio of 1.49 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $182.72 and its two-hundred day moving average price is $161.48. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for 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%. The firm’s revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 1.14%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. Craig Hallum boosted their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Loop Capital upped their price target on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a report on Monday. HSBC set a $320.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a report on Wednesday, October 15th. BNP Paribas upgraded shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Finally, Citigroup reiterated a “buy” rating and issued a $210.00 price target (up previously from $200.00) on shares of NVIDIA in a research note 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average target price of $233.75.

NVIDIA 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.