Harbour Investment Management LLC Boosts Stock Holdings in NVIDIA Corporation $NVDA

Harbour Investment Management LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 8,295 shares of the computer hardware maker’s stock after acquiring an additional 240 shares during the period. Harbour Investment Management LLC’s holdings in NVIDIA were worth $1,311,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in shares of NVIDIA in the 2nd quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 2nd quarter valued at $55,000. Kathleen S. Wright Associates Inc. raised its stake in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Westend Capital Management LLC raised its stake in shares of NVIDIA by 46.8% in the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock valued at $72,000 after acquiring an additional 145 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group set a $320.00 target price on shares of NVIDIA in a research note on Wednesday, October 15th. Truist Financial raised their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. KeyCorp reissued an “overweight” rating and issued a $250.00 target price (up previously from $230.00) on shares of NVIDIA in a research note on Tuesday, September 30th. TD Cowen raised their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average price target of $222.23.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the completion of the sale, the director owned 7,183,280 shares in the company, valued at approximately $1,265,765,768.80. This represents a 3.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock valued at $678,643,875 in the last ninety days. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $186.26 on Friday. The firm has a market cap of $4.53 trillion, a P/E ratio of 53.07, a P/E/G ratio of 1.31 and a beta of 2.12. 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 Corporation has a 1-year low of $86.62 and a 1-year high of $195.62. The firm has a fifty day moving average of $179.46 and a two-hundred day moving average of $155.82.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend 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.