Kanawha Capital Management LLC Raises Stake in NVIDIA Corporation $NVDA

Kanawha Capital Management LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,564 shares of the computer hardware maker’s stock after buying an additional 3,467 shares during the quarter. Kanawha Capital Management LLC’s holdings in NVIDIA were worth $8,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nicholson Wealth Management Group LLC boosted its holdings in NVIDIA by 65.2% in the second quarter. Nicholson Wealth Management Group LLC now owns 3,411 shares of the computer hardware maker’s stock valued at $539,000 after purchasing an additional 1,346 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in shares of NVIDIA by 17.7% in the 2nd quarter. Carmel Capital Partners LLC now owns 12,527 shares of the computer hardware maker’s stock valued at $1,979,000 after buying an additional 1,888 shares during the period. Arista Wealth Management LLC lifted its holdings in shares of NVIDIA by 2,506.5% in the 2nd quarter. Arista Wealth Management LLC now owns 64,223 shares of the computer hardware maker’s stock valued at $10,147,000 after buying an additional 61,759 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of NVIDIA by 17.9% in the second quarter. Stratos Wealth Partners LTD. now owns 1,309,696 shares of the computer hardware maker’s stock worth $206,919,000 after buying an additional 199,041 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC grew its holdings in NVIDIA by 39.0% during the second quarter. AssuredPartners Investment Advisors LLC now owns 60,166 shares of the computer hardware maker’s stock worth $9,506,000 after acquiring an additional 16,886 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NASDAQ:NVDA opened at $199.05 on Tuesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a 50 day moving average of $183.93 and a two-hundred day moving average of $164.05. 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 firm has a market cap of $4.84 trillion, a P/E ratio of 56.71, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued 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 is presently 1.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Needham & Company LLC upped their price objective on NVIDIA from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Barclays reiterated an “overweight” rating and issued a $240.00 target price (up from $200.00) on shares of NVIDIA in a research note on Monday, September 22nd. Daiwa Capital Markets raised their price target on shares of NVIDIA from $165.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Craig Hallum lifted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Robert W. Baird increased their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Five investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $234.00.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at approximately $14,498,230,235.73. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,401,577 shares of company stock valued at $610,228,687 over the last quarter. Company insiders own 4.17% of the company’s stock.

NVIDIA Company 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.