ARK Investment Management LLC Purchases 659,207 Shares of NVIDIA Corporation $NVDA

ARK Investment Management LLC grew its position in NVIDIA Corporation (NASDAQ:NVDA) by 186.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,013,054 shares of the computer hardware maker’s stock after purchasing an additional 659,207 shares during the period. NVIDIA accounts for about 1.2% of ARK Investment Management LLC’s portfolio, making the stock its 24th biggest position. ARK Investment Management LLC’s holdings in NVIDIA were worth $160,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of NVDA. Brighton Jones LLC lifted its holdings in shares of NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after buying an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in NVIDIA by 1.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of NVIDIA by 6.7% during the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC increased its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares during the last quarter. Finally, Wealth Group Ltd. lifted its stake in NVIDIA by 15.7% during the 1st quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. DA Davidson set a $250.00 target price on NVIDIA and gave the stock a “buy” rating in a research note on Wednesday, October 29th. President Capital lifted their target price on shares of NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Jefferies Financial Group upped their price target on NVIDIA from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Sanford C. Bernstein reissued a “buy” rating on shares of NVIDIA in a report on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $215.00 price objective on shares of NVIDIA in a report on Friday, September 19th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $239.15.

Insider Activity at NVIDIA

In other news, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 20,000 shares of NVIDIA stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $4,166,600.00. Following the sale, the chief financial officer directly owned 123,060 shares in the company, valued at $25,637,089.80. This trade represents a 13.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,251,577 shares of company stock valued at $583,143,187 in the last ninety days. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA stock opened at $190.17 on Monday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $212.19. The firm has a market capitalization of $4.62 trillion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company has a 50 day moving average price of $185.60 and a 200 day moving average price of $166.35.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current 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 given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s dividend payout ratio (DPR) is 1.14%.

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.