Exchange Capital Management Inc. Buys Shares of 1,586 NVIDIA Corporation $NVDA

Exchange Capital Management Inc. bought a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,586 shares of the computer hardware maker’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pachira Investments Inc. raised its stake in shares of NVIDIA by 1.0% in the 2nd quarter. Pachira Investments Inc. now owns 6,450 shares of the computer hardware maker’s stock worth $1,019,000 after buying an additional 63 shares in the last quarter. HFG Wealth Management LLC raised its stake in shares of NVIDIA by 3.4% in the 2nd quarter. HFG Wealth Management LLC now owns 2,075 shares of the computer hardware maker’s stock worth $328,000 after buying an additional 68 shares in the last quarter. Hidden Cove Wealth Management LLC raised its stake in shares of NVIDIA by 0.3% in the 2nd quarter. Hidden Cove Wealth Management LLC now owns 23,778 shares of the computer hardware maker’s stock worth $3,757,000 after buying an additional 69 shares in the last quarter. Summit Financial Strategies Inc. raised its stake in shares of NVIDIA by 0.6% in the 2nd quarter. Summit Financial Strategies Inc. now owns 11,637 shares of the computer hardware maker’s stock worth $1,839,000 after buying an additional 69 shares in the last quarter. Finally, Burkett Financial Services LLC raised its stake in shares of NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker’s stock worth $861,000 after buying an additional 70 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NVDA. Bank of America boosted their price objective on NVIDIA from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. HSBC set a $320.00 target price on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas raised NVIDIA to a “hold” rating in a research report on Friday, August 1st. Morgan Stanley boosted their target price on NVIDIA from $206.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, TD Cowen boosted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $222.23.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $181.01, for a total value of $13,575,750.00. Following the transaction, the chief executive officer owned 70,333,203 shares in the company, valued at approximately $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 3,678,937 shares of company stock valued at $654,837,526. Insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $183.22 on Monday. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 52.20, a P/E/G ratio of 1.32 and a beta of 2.12. The stock’s fifty day simple moving average is $179.40 and its 200-day simple moving average is $153.63.

NVIDIA (NASDAQ:NVDA) last issued 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 return on equity of 101.74% and a net margin of 52.41%.The business had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the company posted $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, sell-side analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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