NVIDIA Corporation $NVDA Shares Acquired by Verity Asset Management Inc.

Verity Asset Management Inc. boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 6.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,910 shares of the computer hardware maker’s stock after purchasing an additional 935 shares during the quarter. NVIDIA comprises approximately 1.2% of Verity Asset Management Inc.’s portfolio, making the stock its 18th biggest position. Verity Asset Management Inc.’s holdings in NVIDIA were worth $2,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its stake in NVIDIA by 267,959.7% during the 2nd 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. Nuveen LLC purchased a new position in shares of NVIDIA during the first quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% in 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 period. Amundi raised its position in NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker’s stock valued at $13,826,199,000 after purchasing an additional 18,733,431 shares during the last quarter. Finally, Strs Ohio acquired a new stake in NVIDIA during the 1st quarter worth $1,163,288,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 2.0%

NASDAQ:NVDA opened at $176.67 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. 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 stock has a fifty day moving average price of $186.90 and a two-hundred day moving average price of $170.71. The stock 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 posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping 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 business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA’s payout ratio is 0.99%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the transaction, the chief financial officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,177,203 shares of company stock worth $570,171,004 in the last quarter. Company insiders own 4.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Rothschild & Co Redburn upped their target price on shares of NVIDIA from $211.00 to $245.00 and gave the company a “buy” rating in a report on Monday, November 17th. Craig Hallum upped their price objective on NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Melius Research lifted their target price on NVIDIA from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Truist Financial upped their price target on NVIDIA from $228.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Hsbc Global Res raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $258.30.

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.