NVIDIA Corporation $NVDA Shares Purchased by Blume Capital Management Inc.
Blume Capital Management Inc. increased its stake in NVIDIA Corporation by 74.2% in Q2, owning 46,025 shares valued at $7,271,000. Other institutional investors also adjusted their holdings. NVIDIA's stock opened at $190.17, with a market cap of $4.62 trillion. Recent earnings beat estimates, and analysts predict an EPS of 2.77 for the fiscal year. Insider sales were reported, and analysts set new price targets for NVIDIA.
Blume Capital Management Inc. grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 74.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,025 shares of the computer hardware maker's stock after purchasing an additional 19,603 shares during the period. Blume Capital Management Inc.'s holdings in NVIDIA were worth $7,271,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the 2nd quarter worth approximately $28,000. Kathleen S. Wright Associates Inc. grew its position in shares of 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 during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the first quarter valued at $51,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the second quarter worth about $55,000. Finally, Campbell Capital Management Inc. lifted its position in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Trading Up 1.8%
NASDAQ NVDA opened at $190.17 on Friday. The stock has a market cap of $4.62 trillion, a P/E ratio of 54.18, a PEG ratio of 1.49 and a beta of 2.11. The company's fifty day simple moving average is $185.60 and its 200-day simple moving average is $165.95. 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 Corporation has a 52 week low of $86.62 and a 52 week high of $212.19.
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NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the business earned $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's payout ratio is 1.14%.
Insider Activity at NVIDIA
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In other news, Director Harvey C. Jones sold 250,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,251,577 shares of company stock valued at $583,143,187. Insiders own 4.17% of the company's stock.
Analysts Set New Price Targets
Several research firms have commented on NVDA. Wedbush restated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Wolfe Research set a $230.00 target price on shares of NVIDIA and gave the company an "outperform" rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of NVIDIA in a research report on Thursday. BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a report on Friday, August 1st. Finally, Susquehanna boosted their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the company a "positive" rating in a research note on Thursday. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $239.15.
Get Our Latest Stock Report on NVDA
About NVIDIA
(Free Report)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.
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