Biltmore Family Office LLC Raises Stake in NVIDIA Corporation $NVDA

Biltmore Family Office LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,675 shares of the computer hardware maker’s stock after purchasing an additional 406 shares during the period. NVIDIA accounts for 0.9% of Biltmore Family Office LLC’s investment portfolio, making the stock its 19th largest holding. Biltmore Family Office LLC’s holdings in NVIDIA were worth $5,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA during the 2nd quarter worth about $28,000. Kathleen S. Wright Associates Inc. boosted its holdings in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after purchasing an additional 254 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the second quarter valued at approximately $55,000. Campbell Capital Management Inc. increased its stake in NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker’s stock valued at $65,000 after purchasing an additional 590 shares during the last quarter. Finally, Westend Capital Management LLC raised 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 in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the sale, the chief executive officer owned 69,733,203 shares in the company, valued at $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 available at this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly 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 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 three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $182.55 on Tuesday. The company has a market cap of $4.44 trillion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The business has a fifty day moving average of $186.56 and a two-hundred day moving average of $169.23. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion during the quarter, compared to the consensus estimate of $54.66 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, December 4th. NVIDIA’s dividend payout ratio (DPR) is presently 0.99%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVDA. Evercore ISI set a $352.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday. TD Cowen lifted their price target on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, August 13th. Bank of America raised their target price on shares of NVIDIA from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Melius Research upped their price target on shares of NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $257.79.

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.