Patten & Patten Inc. TN Boosts Stake in NVIDIA Corporation $NVDA

Patten & Patten Inc. TN raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,588 shares of the computer hardware maker’s stock after acquiring an additional 697 shares during the quarter. Patten & Patten Inc. TN’s holdings in NVIDIA were worth $5,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the 1st quarter worth approximately $51,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 2nd quarter worth approximately $55,000. 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 valued at $65,000 after acquiring an additional 590 shares during the last quarter. Finally, Westend Capital Management LLC boosted 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 in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the completion of the sale, the chief executive officer directly owned 69,733,203 shares in the company, 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. Insiders sold 3,476,577 shares of company stock worth $623,934,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 0.0%

NVIDIA stock opened at $188.15 on Friday. The business’s 50-day simple moving average is $183.43 and its two-hundred day simple moving average is $162.53. 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 cap of $4.57 trillion, a PE ratio of 53.60, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company’s revenue was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.01 dividend. 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 1.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price target on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their target price on NVIDIA from $185.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 11th. Barclays reiterated an “overweight” rating and issued a $240.00 price target (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Phillip Securities raised NVIDIA from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, UBS Group set a $235.00 price target on NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Five investment analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $233.75.

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.