Dravo Bay LLC Makes New $298,000 Investment in NVIDIA Corporation $NVDA

Dravo Bay LLC bought a new stake in NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,886 shares of the computer hardware maker’s stock, valued at approximately $298,000.

Other hedge funds also recently made changes to their positions in the company. Morton Brown Family Wealth LLC boosted its holdings in shares of NVIDIA by 1.5% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 3,928 shares of the computer hardware maker’s stock valued at $621,000 after buying an additional 58 shares in the last quarter. Roof Eidam Maycock Peralta LLC lifted its position in NVIDIA by 0.3% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 20,903 shares of the computer hardware maker’s stock valued at $3,302,000 after acquiring an additional 58 shares during the period. Alpha Wealth Funds LLC grew its holdings in NVIDIA by 1.3% in the second quarter. Alpha Wealth Funds LLC now owns 4,634 shares of the computer hardware maker’s stock worth $732,000 after purchasing an additional 59 shares during the period. Copia Wealth Management grew its holdings in NVIDIA by 14.7% in the second quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock worth $74,000 after purchasing an additional 60 shares during the period. Finally, BKM Wealth Management LLC lifted its holdings in shares of NVIDIA by 1.1% during the second quarter. BKM Wealth Management LLC now owns 5,745 shares of the computer hardware maker’s stock valued at $908,000 after purchasing an additional 60 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NASDAQ NVDA opened at $176.67 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The stock has a 50-day moving average of $186.90 and a 200 day moving average of $170.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a market capitalization of $4.29 trillion, a price-to-earnings ratio of 50.33, a PEG ratio of 1.49 and a beta of 2.11.

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 firm had revenue of $57.01 billion for 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 quarterly revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. On average, sell-side analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. 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 0.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NVDA shares. Needham & Company LLC reissued a “buy” rating and issued a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Raymond James Financial set a $272.00 target price on NVIDIA and gave the stock a “strong-buy” rating in a research note on Thursday, November 20th. Susquehanna raised their price target on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a report on Thursday, November 20th. UBS Group reaffirmed a “buy” rating and issued a $235.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Mizuho increased their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $258.30.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 626 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $179.42, for a total transaction of $112,316.92. Following the completion of the sale, the director directly owned 17,792 shares in the company, valued at $3,192,240.64. The trade was a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,177,203 shares of company stock valued at $570,171,004 over the last 90 days. Company insiders own 4.17% of the company’s stock.

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.