Accent Capital Management LLC Buys 3,540 Shares of NVIDIA Corporation $NVDA

Key Points

• Accent Capital Management LLC increased its stake in NVIDIA Corporation to $14.87 million, holding 137,215 shares, which represents 8.6% of its total investments.
• NVIDIA's shares rose by 0.6%, trading at $171.66, with a market capitalization of $4.17 trillion and a PE ratio of 48.91.
• The company recently declared a quarterly dividend of $0.01 per share, with plans to pay it on October 2nd, reflecting a low annualized yield of 0.0%.

Accent Capital Management LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,215 shares of the computer hardware maker's stock after purchasing an additional 3,540 shares during the period. NVIDIA comprises approximately 8.6% of Accent Capital Management LLC's investment portfolio, making the stock its 3rd biggest holding. Accent Capital Management LLC's holdings in NVIDIA were worth $14,873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. High Note Wealth LLC grew its holdings in NVIDIA by 0.5% during the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after acquiring an additional 91 shares during the period. Kelly Financial Services LLC grew its holdings in NVIDIA by 2.0% during the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after acquiring an additional 94 shares during the period. Next Capital Management LLC grew its holdings in NVIDIA by 0.8% during the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after acquiring an additional 94 shares during the period. Mendel Capital Management LLC grew its holdings in NVIDIA by 0.8% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock worth $1,287,000 after acquiring an additional 96 shares during the period. Finally, Affiance Financial LLC grew its holdings in NVIDIA by 0.7% in the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock valued at $1,479,000 after purchasing an additional 97 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Jefferies Financial Group raised their price objective on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Raymond James Financial raised their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Citigroup reissued a "buy" rating and issued a $210.00 price objective (up from $190.00) on shares of NVIDIA in a report on Thursday, August 28th. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a report on Friday. Finally, TD Cowen raised their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $207.69.

Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,872,755 shares of company stock valued at $764,283,330. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 2.7%

NASDAQ:NVDA traded down $4.64 on Friday, reaching $167.02. The company's stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The firm has a market cap of $4.06 trillion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. The stock has a 50 day moving average price of $172.73 and a 200 day moving average price of $140.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio 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.