NVIDIA Corporation $NVDA Stock Position Boosted by Alta Capital Management LLC

Alta Capital Management LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 779,773 shares of the computer hardware maker’s stock after buying an additional 100,582 shares during the quarter. NVIDIA comprises about 7.0% of Alta Capital Management LLC’s investment portfolio, making the stock its largest holding. Alta Capital Management LLC’s holdings in NVIDIA were worth $123,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RCS Financial Planning LLC purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $201,000. Variant Private Wealth LLC increased its position in NVIDIA by 3.4% during the 2nd quarter. Variant Private Wealth LLC now owns 19,432 shares of the computer hardware maker’s stock valued at $3,070,000 after buying an additional 632 shares in the last quarter. Patten & Patten Inc. TN raised its stake in NVIDIA by 1.9% in the second quarter. Patten & Patten Inc. TN now owns 36,588 shares of the computer hardware maker’s stock valued at $5,781,000 after buying an additional 697 shares during the last quarter. Callahan Advisors LLC boosted its holdings in NVIDIA by 17.3% in the second quarter. Callahan Advisors LLC now owns 149,212 shares of the computer hardware maker’s stock worth $23,574,000 after acquiring an additional 22,050 shares in the last quarter. Finally, Davidson Investment Advisors boosted its holdings in NVIDIA by 0.9% in the second quarter. Davidson Investment Advisors now owns 222,191 shares of the computer hardware maker’s stock worth $35,104,000 after acquiring an additional 1,916 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $4,166,600.00. Following the transaction, the chief financial officer owned 123,060 shares in the company, valued at approximately $25,637,089.80. The trade was a 13.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,476,577 shares of company stock valued at $623,934,187. 4.17% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Arete raised their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Needham & Company LLC raised their price objective on NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. 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, October 31st. Truist Financial increased 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. Finally, Mizuho set a $235.00 price objective on shares of NVIDIA in a research note on Wednesday, October 29th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has assigned 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 Trading Up 0.0%

Shares of NVDA stock opened at $188.15 on Friday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. The company has a market cap of $4.57 trillion, a price-to-earnings ratio of 53.60, a PEG ratio of 1.49 and a beta of 2.11. 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 stock has a 50 day simple moving average of $183.43 and a 200-day simple moving average of $162.98.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 EPS. NVIDIA’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

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.