Bayforest Capital Ltd Acquires Shares of 2,803 NVIDIA Corporation $NVDA

Bayforest Capital Ltd bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,803 shares of the computer hardware maker’s stock, valued at approximately $443,000.

Other large investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC raised its stake in shares of NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock worth $22,412,434,000 after acquiring an additional 5,896,735 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker’s stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Nuveen LLC acquired a new position in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Finally, Amundi boosted its position in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock worth $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 3.7%

NVIDIA stock opened at $188.08 on Friday. The company has a 50 day moving average of $183.15 and a 200-day moving average of $161.90. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market capitalization of $4.57 trillion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA’s dividend payout ratio is currently 1.14%.

Insider Buying and Selling

In related news, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction that occurred on Thursday, September 18th. The stock was 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 of the company’s stock, valued at approximately $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company’s 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 of the company’s stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,476,577 shares of company stock worth $623,934,187. 4.17% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their price objective on NVIDIA from $215.00 to $240.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Evercore ISI set a $261.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, August 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 target price (up from $210.00) on shares of NVIDIA in a report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus price target of $233.75.

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.