Violich Capital Management Inc. Increases Position in NVIDIA Corporation $NVDA

Violich Capital Management Inc. increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 25.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,490 shares of the computer hardware maker’s stock after acquiring an additional 500 shares during the period. Violich Capital Management Inc.’s holdings in NVIDIA were worth $393,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vista Finance LLC bought a new stake in shares of NVIDIA during the second quarter worth $258,000. Arcus Capital Partners LLC increased its stake in NVIDIA by 31.8% in the 2nd quarter. Arcus Capital Partners LLC now owns 9,626 shares of the computer hardware maker’s stock worth $1,521,000 after buying an additional 2,320 shares during the period. Goldstein Advisors LLC lifted its holdings in NVIDIA by 0.3% during the 2nd quarter. Goldstein Advisors LLC now owns 31,720 shares of the computer hardware maker’s stock valued at $5,011,000 after buying an additional 95 shares in the last quarter. Joseph P. Lucia & Associates LLC boosted its position in NVIDIA by 2.2% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 51,786 shares of the computer hardware maker’s stock valued at $8,182,000 after buying an additional 1,127 shares during the period. Finally, Wealthstream Advisors Inc. grew its stake in NVIDIA by 12.2% in the 2nd quarter. Wealthstream Advisors Inc. now owns 29,055 shares of the computer hardware maker’s stock worth $4,590,000 after acquiring an additional 3,154 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was 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 represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated 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 owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. The trade was a 0.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,326,577 shares of company stock worth $596,625,187. Insiders own 4.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. New Street Research reissued a “buy” rating and issued a $307.00 price objective on shares of NVIDIA in a research note on Thursday, October 30th. Benchmark raised their price target on NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Barclays restated an “overweight” rating and issued a $240.00 price objective (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Stifel Nicolaus raised their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Finally, DA Davidson set a $250.00 price target on shares of NVIDIA and gave the company a “buy” rating in a report on Wednesday, October 29th. Five 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $237.74.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $188.54 on Thursday. The company has a 50 day simple moving average of $184.84 and a two-hundred day simple moving average of $164.84. The stock has a market cap of $4.58 trillion, a price-to-earnings ratio of 53.73, a PEG ratio of 1.49 and a beta of 2.11. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion during 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 quarter last year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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