Peterson Wealth Services Acquires 611 Shares of NVIDIA Corporation $NVDA

Peterson Wealth Services raised its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,944 shares of the computer hardware maker’s stock after buying an additional 611 shares during the quarter. NVIDIA comprises about 6.4% of Peterson Wealth Services’ portfolio, making the stock its 2nd biggest holding. Peterson Wealth Services’ holdings in NVIDIA were worth $23,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Richards Merrill & Peterson Inc. boosted its position in NVIDIA by 20.7% during the second quarter. Richards Merrill & Peterson Inc. now owns 39,737 shares of the computer hardware maker’s stock worth $6,278,000 after acquiring an additional 6,824 shares during the last quarter. Carrera Capital Advisors boosted its holdings in shares of NVIDIA by 16.3% during the 2nd quarter. Carrera Capital Advisors now owns 6,974 shares of the computer hardware maker’s stock worth $1,102,000 after purchasing an additional 978 shares during the last quarter. PKO Investment Management Joint Stock Co boosted its holdings in shares of NVIDIA by 7.4% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 290,000 shares of the computer hardware maker’s stock worth $45,817,000 after purchasing an additional 20,000 shares during the last quarter. Sage Mountain Advisors LLC grew its position in shares of NVIDIA by 23.2% in the second quarter. Sage Mountain Advisors LLC now owns 168,249 shares of the computer hardware maker’s stock valued at $26,582,000 after purchasing an additional 31,635 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in shares of NVIDIA by 2.0% in the second quarter. Washington Trust Advisors Inc. now owns 193,234 shares of the computer hardware maker’s stock valued at $30,529,000 after purchasing an additional 3,832 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Weiss Ratings reissued a “buy (b-)” rating on shares of NVIDIA in a research note on Thursday, November 13th. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 19th. Benchmark upped their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Hsbc Global Res raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley increased their price target on shares of NVIDIA from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Five equities research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus price target of $240.49.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the transaction, the chief executive officer owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the transaction, the chief financial officer directly owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $186.52 on Thursday. The firm has a 50-day simple moving average of $186.37 and a two-hundred day simple moving average of $167.48. The stock has a market cap of $4.53 trillion, a PE ratio of 53.14, a P/E/G ratio of 1.49 and a beta of 2.11. 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 current ratio of 4.21 and a quick ratio of 3.60.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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 firm had revenue of $57.01 billion during the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter last year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Thursday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA’s payout ratio is presently 1.14%.

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.