Corrado Advisors LLC Purchases 365 Shares of NVIDIA Corporation $NVDA

Corrado Advisors LLC raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 12.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,338 shares of the computer hardware maker’s stock after purchasing an additional 365 shares during the quarter. Corrado Advisors LLC’s holdings in NVIDIA were worth $527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Jackson Hole Trust grew its holdings in shares of NVIDIA by 7.2% during the second quarter. Bank of Jackson Hole Trust now owns 47,481 shares of the computer hardware maker’s stock valued at $7,502,000 after buying an additional 3,206 shares during the last quarter. Jennison Associates LLC boosted its stake in NVIDIA by 1.8% during the 2nd quarter. Jennison Associates LLC now owns 90,962,458 shares of the computer hardware maker’s stock valued at $14,371,159,000 after purchasing an additional 1,594,510 shares during the last quarter. Biltmore Family Office LLC boosted its stake in NVIDIA by 1.3% during the 2nd quarter. Biltmore Family Office LLC now owns 32,675 shares of the computer hardware maker’s stock valued at $5,163,000 after purchasing an additional 406 shares during the last quarter. Bull Oak Capital LLC purchased a new position in shares of NVIDIA in the second quarter worth $250,000. Finally, FSA Advisors Inc. lifted its holdings in shares of NVIDIA by 1.2% during the second quarter. FSA Advisors Inc. now owns 17,433 shares of the computer hardware maker’s stock valued at $2,754,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $177.82 on Wednesday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 50.66, 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. The firm has a 50 day moving average of $186.62 and a 200 day moving average of $169.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the company posted $0.81 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be issued 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 is Thursday, December 4th. NVIDIA’s payout ratio is currently 0.99%.

Insider Transactions at NVIDIA

In other NVIDIA news, 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 transaction of $5,758,241.20. Following the sale, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,251,577 shares of company stock valued at $583,143,187. Company insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $250.00 price target (up previously from $240.00) on shares of NVIDIA in a report on Thursday, November 20th. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $240.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Daiwa Capital Markets increased their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Arete raised their target price on shares of NVIDIA from $244.00 to $261.00 and gave the stock a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average target price of $258.19.

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.