NVIDIA Corporation $NVDA Stock Holdings Lifted by Reliant Investment Management LLC

Reliant Investment Management LLC lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 26.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,967 shares of the computer hardware maker’s stock after buying an additional 617 shares during the period. Reliant Investment Management LLC’s holdings in NVIDIA were worth $469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 2nd quarter worth $55,000. Kathleen S. Wright Associates Inc. increased 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 buying an additional 254 shares during the period. Westend Capital Management LLC lifted 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 buying an additional 145 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter valued at $51,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. S&P Equity Research restated a “positive” rating on shares of NVIDIA in a research note on Wednesday, October 22nd. Loop Capital boosted their price objective on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. BNP Paribas raised NVIDIA to a “hold” rating in a report on Friday, August 1st. Finally, New Street Research reaffirmed a “buy” rating and set a $307.00 target price on shares of NVIDIA in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $239.30.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction 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 $1,305,251,251.17. The trade was a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 250,000 shares of the business’s stock in a transaction 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 directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 1.9%

Shares of NVIDIA stock opened at $186.60 on Tuesday. The business has a fifty day simple moving average of $185.97 and a 200-day simple moving average of $166.88. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The firm has a market cap of $4.53 trillion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. 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 (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analysts’ expectations of $45.65 billion. During the same period in the previous year, the business earned $0.68 earnings per share. NVIDIA’s revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.14%.

NVIDIA 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.