Turner Financial Group Inc. Buys New Position in NVIDIA Corporation $NVDA

Posted by Brenda Bartman on Oct 21st, 2026

Turner Financial Group Inc. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,673 shares of the computer hardware maker’s stock, valued at approximately $1,535,000. NVIDIA comprises 1.5% of Turner Financial Group Inc.’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oakmont Investment Advisors Inc. boosted its holdings in shares of NVIDIA by 3.4% in the second quarter. Oakmont Investment Advisors Inc. now owns 26,458 shares of the computer hardware maker’s stock valued at $5,294,000 after buying an additional 866 shares during the period. TOP Private Wealth LLC. acquired a new stake in shares of NVIDIA during the second quarter worth $229,000. Cassilly Financial Group LLC raised its holdings in shares of NVIDIA by 64.2% during the second quarter. Cassilly Financial Group LLC now owns 1,972 shares of the computer hardware maker’s stock worth $395,000 after acquiring an additional 771 shares during the period. Hopwood Nicholas Hunter raised its holdings in shares of NVIDIA by 33.3% during the second quarter. Hopwood Nicholas Hunter now owns 5,151 shares of the computer hardware maker’s stock worth $1,031,000 after acquiring an additional 1,287 shares during the period. Finally, Blalock Williams LLC lifted its position in NVIDIA by 3.2% in the 2nd quarter. Blalock Williams LLC now owns 17,304 shares of the computer hardware maker’s stock valued at $3,462,000 after acquiring an additional 537 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA stock opened at $216.47 on Wednesday. The company has a fifty day moving average price of $223.17 and a two-hundred day moving average price of $212.01. NVIDIA Corporation has a one year low of $164.27 and a one year high of $243.37. The stock has a market cap of $5.22 trillion, a P/E ratio of 27.37, a P/E/G ratio of 1.67 and a beta of 2.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.59 and a quick ratio of 3.85.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%. The company had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was up 105.9% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Corporation will post 9.30 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

NVIDIA declared that its Board of Directors has initiated a stock repurchase program on Monday, September 28th that authorizes the company to repurchase $150.00 billion in shares. This buyback authorization authorizes the computer hardware maker to purchase up to 2.8% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup reiterated a “buy” rating and set a $315.00 target price (up from $300.00) on shares of NVIDIA in a report on Thursday, August 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price target on shares of NVIDIA in a report on Thursday, October 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective on shares of NVIDIA in a research report on Friday, September 4th. Weiss Ratings upgraded NVIDIA from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Five equities research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $321.47.

Read Our Latest Analysis on NVIDIA

Insiders Place Their Bets

In other news, EVP Timothy Teter sold 30,460 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $222.80, for a total transaction of $6,786,488.00. Following the transaction, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $598,810,648. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the transaction, the chief financial officer directly owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,766,118 shares of company stock worth $399,450,353 in the last quarter. 3.94% of the stock is currently owned by corporate insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reportedly, ByteDance, Alibaba and Tencent have placed more than $35 billion in NVIDIA chip orders. The agreement could reopen a significant Chinese market, although the arrangement reportedly includes the U.S. government receiving 15% of Chinese sales. NVIDIA China chip orders
Positive Sentiment: OpenAI is reportedly raising approximately $30 billion, while NVIDIA has agreed to guarantee up to $105 billion of obligations tied to an Ohio data-center campus OpenAI will lease. The deal could support substantial future demand for NVIDIA systems, but also increases NVIDIA’s exposure to customer financing. OpenAI fundraising and NVIDIA
Positive Sentiment: Anthropic is reportedly discussing an expansion that could take its Nscale commitment to roughly $90 billion, potentially benefiting NVIDIA as a leading supplier of AI infrastructure. Anthropic Nscale expansion
Positive Sentiment: NVIDIA announced German partnerships, investments in AI startups and a broader European AI initiative approaching $10 billion, strengthening its position in sovereign and industrial AI. NVIDIA German AI investments
Positive Sentiment: A record 104-qubit fault-tolerant quantum simulation on Europe’s JUPITER supercomputer demonstrated NVIDIA’s CUDA-Q, cuQuantum and accelerated-computing capabilities, expanding its longer-term technology opportunity beyond AI. NVIDIA quantum simulation
Neutral Sentiment: Amazon is reportedly receiving billions of dollars of NVIDIA GB300 systems, but some racks are being stored because data centers lack sufficient power. This confirms demand while highlighting deployment bottlenecks. Amazon NVIDIA GPU systems
Negative Sentiment: Google’s open-source TorchTPU and Amazon’s TorchNeuron initiatives are designed to make competing AI chips easier to use, threatening NVIDIA’s CUDA software moat and long-term pricing power. Google and Amazon challenge NVIDIA CUDA
Negative Sentiment: Investors remain concerned that heavily indebted neocloud customers, including CoreWeave, may struggle with higher borrowing costs. NVIDIA’s guarantees and investment relationships increase fears that AI infrastructure spending could involve circular or financially fragile demand. Why NVIDIA needs CoreWeave
Negative Sentiment: Broad semiconductor selling, fading momentum in the AI trade and hedge-fund technology reductions are weighing on NVDA’s near-term performance despite continued strong chip demand. Chip stocks decline

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation (NASDAQ: NVDA) is a technology company that designs graphics processing units (GPUs), accelerated computing platforms, networking products and related software. Its technologies support artificial intelligence, machine learning, scientific computing, data analytics, professional visualization and computer graphics.

The company’s products include GeForce GPUs for gaming and personal computing, data center GPUs and systems for AI and high-performance computing, and networking solutions used to connect and manage large-scale computing infrastructure.