Benin Management CORP Purchases 2,752 Shares of NVIDIA Corporation $NVDA

Benin Management CORP grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 8.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,194 shares of the computer hardware maker’s stock after buying an additional 2,752 shares during the quarter. NVIDIA accounts for about 1.4% of Benin Management CORP’s investment portfolio, making the stock its 13th biggest position. Benin Management CORP’s holdings in NVIDIA were worth $5,402,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the 2nd quarter valued at about $28,000. Kathleen S. Wright Associates Inc. raised its stake 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 valued at $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the second quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. increased its holdings in NVIDIA by 5,900.0% during the 1st 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 period. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director directly owned 7,183,280 shares of the company’s stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. HSBC set a $320.00 price target on NVIDIA and gave the company a “buy” rating in a research note on Wednesday, October 15th. Citigroup upped their price target on shares of NVIDIA from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Morgan Stanley increased their price objective on shares of NVIDIA from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday. New Street Research reissued a “buy” rating and issued a $307.00 price objective on shares of NVIDIA in a research note on Thursday, October 30th. Finally, Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $239.15.

NVIDIA Stock Up 1.8%

Shares of NVDA stock opened at $190.17 on Monday. The stock’s 50-day simple moving average is $185.60 and its 200-day simple moving average is $166.35. The firm has a market capitalization of $4.62 trillion, a PE ratio of 54.18, a P/E/G ratio of 1.49 and a beta of 2.11. 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 fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm 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 business’s quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were given a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s dividend payout ratio is 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.