Mattern Capital Management LLC Increases Stake in NVIDIA Corporation $NVDA

Mattern Capital Management LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA) by 117.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,028 shares of the computer hardware maker’s stock after purchasing an additional 4,334 shares during the quarter. Mattern Capital Management LLC’s holdings in NVIDIA were worth $1,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 2nd quarter valued at approximately $55,000. Kathleen S. Wright Associates Inc. raised its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Westend Capital Management LLC raised its position in NVIDIA by 46.8% during the 2nd quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker’s stock worth $72,000 after buying an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA during the 1st quarter worth approximately $51,000. Finally, Bruce G. Allen Investments LLC raised its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock worth $53,000 after buying an additional 327 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Arete raised their price target on shares of NVIDIA from $235.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. The Goldman Sachs Group set a $210.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Monday, October 6th. DA Davidson raised shares of NVIDIA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $195.00 to $210.00 in a research report on Thursday, September 11th. HSBC set a $320.00 price target on shares of NVIDIA and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI raised their price target on shares of NVIDIA from $214.00 to $225.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $222.23.

NVIDIA Price Performance

NASDAQ:NVDA opened at $183.22 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.45 trillion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 1.32 and a beta of 2.12. The company has a 50 day moving average price of $179.40 and a 200-day moving average price of $153.63. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $195.62.

NVIDIA (NASDAQ:NVDA) last posted 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. The firm 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 business’s quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. 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 payout ratio is presently 1.14%.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 75,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total value of $13,575,750.00. Following the completion of the sale, the chief executive officer owned 70,333,203 shares of the company’s stock, valued at approximately $12,731,013,075.03. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 3,678,937 shares of company stock valued at $654,837,526. 4.17% of the stock is currently owned by insiders.

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.