Denali Advisors LLC Has $47.62 Million Position in NVIDIA Corporation $NVDA

Denali Advisors LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 301,387 shares of the computer hardware maker’s stock after acquiring an additional 14,619 shares during the quarter. NVIDIA makes up 5.0% of Denali Advisors LLC’s investment portfolio, making the stock its largest position. Denali Advisors LLC’s holdings in NVIDIA were worth $47,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after buying an additional 5,896,735 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. Nuveen LLC purchased a new stake in shares of NVIDIA during the first quarter worth $15,089,414,000. Finally, Amundi boosted its holdings in shares of NVIDIA by 16.0% in the first quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after acquiring an additional 18,733,431 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVDA. Melius Research set a $300.00 price target on NVIDIA in a research report on Wednesday, October 29th. Benchmark lifted their target price on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Jefferies Financial Group upped their price target on NVIDIA from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $265.00 price target (up from $220.00) on shares of NVIDIA in a report on Friday. Finally, Loop Capital boosted their price objective on shares of NVIDIA from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $239.15.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. The trade was a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,251,577 shares of company stock worth $583,143,187 in the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.8%

NVDA stock opened at $190.17 on Monday. The company’s 50 day moving average is $185.60 and its 200 day moving average is $166.35. The stock has a market cap of $4.62 trillion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19.

NVIDIA (NASDAQ:NVDA) last announced its 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 business had revenue of $46.74 billion during 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%. NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors 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 of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

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.