Bleakley Financial Group LLC Raises Position in NVIDIA Corporation $NVDA

Bleakley Financial Group LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 602,079 shares of the computer hardware maker’s stock after acquiring an additional 41,715 shares during the period. NVIDIA accounts for approximately 2.4% of Bleakley Financial Group LLC’s portfolio, making the stock its 8th largest holding. Bleakley Financial Group LLC’s holdings in NVIDIA were worth $95,123,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Reliant Investment Management LLC lifted its holdings in NVIDIA by 26.3% during the 2nd quarter. Reliant Investment Management LLC now owns 2,967 shares of the computer hardware maker’s stock worth $469,000 after purchasing an additional 617 shares in the last quarter. Principle Wealth Partners LLC increased its position in shares of NVIDIA by 25.4% during the second quarter. Principle Wealth Partners LLC now owns 294,002 shares of the computer hardware maker’s stock valued at $46,449,000 after buying an additional 59,639 shares during the period. Red Crane Wealth Management LLC lifted its holdings in shares of NVIDIA by 9.2% in the second quarter. Red Crane Wealth Management LLC now owns 2,618 shares of the computer hardware maker’s stock worth $414,000 after buying an additional 220 shares in the last quarter. Sonata Capital Group Inc. boosted its position in shares of NVIDIA by 5.3% in the second quarter. Sonata Capital Group Inc. now owns 7,742 shares of the computer hardware maker’s stock valued at $1,223,000 after acquiring an additional 390 shares during the period. Finally, Clifford Swan Investment Counsel LLC grew its stake in NVIDIA by 3.9% during the second quarter. Clifford Swan Investment Counsel LLC now owns 68,357 shares of the computer hardware maker’s stock valued at $10,800,000 after acquiring an additional 2,588 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $186.60 on Tuesday. The stock’s 50-day moving average is $185.97 and its 200 day moving average is $166.88. The stock has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.16, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $212.19. 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 (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is currently 1.14%.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the completion of the sale, the chief executive officer directly owned 72,248,366 shares of the company’s stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on NVDA. Jefferies Financial Group increased their target price on shares of NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Morgan Stanley upped their price target on shares of NVIDIA from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday. Craig Hallum lifted their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Oppenheimer boosted their target price on NVIDIA from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Finally, Wall Street Zen raised NVIDIA from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Five investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $239.30.

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.