Sat Oct 05 19:50:00 UTC 2024: ## NVIDIA Stock Sees Significant Investment from Index Fund Advisors

**San Francisco, CA – October 5, 2024** – Index Fund Advisors Inc. has significantly increased its stake in NVIDIA Corporation (NASDAQ:NVDA) during the second quarter, according to recent SEC filings. The firm purchased an additional 7,046 shares, bringing their total holdings to 7,727 shares, representing a whopping 1,034.7% increase. This investment is valued at $955,000.

Several other institutional investors have also adjusted their positions in NVIDIA. FPC Investment Advisory Inc. purchased a new stake during the first quarter worth $26,000, while Koesten Hirschmann & Crabtree INC. and HBC Financial Services PLLC followed suit, investing $27,000 and $30,000 respectively. Norwood Financial Corp. also acquired a new position valued at $45,000. Coston McIsaac & Partners lifted their stake by 231.3%, now owning 53 shares worth $47,000. Overall, institutional investors hold 65.27% of NVIDIA’s stock.

NVIDIA shares opened at $124.92 on Friday. The company boasts a market cap of $3.07 trillion and has a P/E ratio of 73.05, PEG ratio of 1.05, and a beta of 1.67.

The company has declared a quarterly dividend of $0.01 per share, representing an annualized dividend of $0.04 and a yield of 0.03%. This follows a stock repurchase program announced in August, authorizing the purchase of up to $50 billion worth of shares, indicating the company’s confidence in its stock value.

Several analysts have weighed in on NVIDIA’s future. Argus raised their target price to $150.00 and issued a “buy” rating, while Piper Sandler reissued an “overweight” rating with a $140.00 target price. Jefferies Financial Group also increased their price target to $150.00 with a “buy” rating. Cantor Fitzgerald reissued an “overweight” rating with a $175.00 price target, and Needham & Company LLC raised their target price to $145.00 with a “buy” rating. Overall, the stock has a “Moderate Buy” rating with an average target price of $142.10.

Recent insider transactions include the sale of 40,000 shares by Director Mark A. Stevens and 4,500 shares by insider Donald F. Robertson, Jr. Despite these sales, insiders own 4.23% of NVIDIA’s stock.

NVIDIA Corporation is a global leader in graphics and computing solutions, providing a range of products for gaming, enterprise workstations, cloud computing, automotive, and metaverse applications.

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