Verdence Capital Advisors LLC Acquires 8,140 Shares of NVIDIA Corporation $NVDA

Verdence Capital Advisors LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,911 shares of the computer hardware maker’s stock after acquiring an additional 8,140 shares during the period. NVIDIA makes up 0.9% of Verdence Capital Advisors LLC’s holdings, making the stock its 20th biggest holding. Verdence Capital Advisors LLC’s holdings in NVIDIA were worth $13,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. increased its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the first quarter worth about $51,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter worth about $55,000. Campbell Capital Management Inc. boosted its holdings in 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 during the last quarter. Finally, Westend Capital Management LLC boosted its holdings 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 purchasing an additional 145 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $195.21 on Thursday. The company’s 50 day moving average is $182.99 and its 200-day moving average is $161.72. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. 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 firm has a market cap of $4.74 trillion, a P/E ratio of 55.62, a price-to-earnings-growth ratio of 1.49 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. 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 year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a $0.01 dividend. 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%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on NVDA shares. Melius Research set a $300.00 price target on shares of NVIDIA in a report on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of NVIDIA in a report on Wednesday, October 29th. Truist Financial boosted their price target on shares of NVIDIA from $210.00 to $228.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Wall Street Zen upgraded shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Jefferies Financial Group lifted their price objective on shares of NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday. Five 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 assigned a Sell rating to the company. According to MarketBeat, NVIDIA has a consensus rating of “Buy” and a consensus price target of $233.75.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of the company’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 owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This trade represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,551,577 shares of company stock worth $637,612,687. Insiders own 4.17% of the company’s stock.

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.