Access Investment Management LLC Purchases New Holdings in NVIDIA Corporation $NVDA

Access Investment Management LLC purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 640 shares of the computer hardware maker’s stock, valued at approximately $101,000.

A number of other institutional investors have also recently bought and sold shares of NVDA. Harbor Asset Planning Inc. purchased a new stake in NVIDIA during the 2nd quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 2nd quarter worth $55,000. Kathleen S. Wright Associates Inc. grew its position 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 worth $44,000 after acquiring an additional 254 shares in the last quarter. Westend Capital Management LLC increased its stake in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after acquiring an additional 145 shares during the last quarter. Finally, Copia Wealth Management increased its position in shares of NVIDIA by 14.7% during the 2nd quarter. Copia Wealth Management now owns 468 shares of the computer hardware maker’s stock valued at $74,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. UBS Group reiterated a “buy” rating and issued a $235.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Robert W. Baird set a $275.00 price target on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. Morgan Stanley raised their target price on shares of NVIDIA from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, November 26th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Five analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $258.65.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $179.92 on Tuesday. The stock’s fifty day moving average is $186.82 and its 200 day moving average is $171.03. 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 Corporation has a one year low of $86.62 and a one year high of $212.19. The stock has a market cap of $4.37 trillion, a P/E ratio of 51.26, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In other news, CFO Colette Kress sold 20,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $4,166,600.00. Following the transaction, the chief financial officer owned 123,060 shares of the company’s stock, valued at approximately $25,637,089.80. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 626 shares of the business’s stock in a transaction on 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 owned 17,792 shares in the company, valued at approximately $3,192,240.64. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,030,203 shares of company stock worth $545,161,894 over the last quarter. Insiders own 4.17% of the company’s stock.

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.