Acorns Advisers LLC Increases Position in NVIDIA Corporation $NVDA

Key Points

• Acorns Advisers LLC increased its position in NVIDIA by 23.8% during the first quarter, now owning 93,603 shares valued at approximately $10.1 million.
• NVIDIA's recent earnings report revealed an EPS of $1.05, exceeding estimates and showing a 55.6% year-over-year revenue increase to $46.74 billion.
• The company announced a quarterly dividend of $0.01 per share, with the dividend yield at 0.0%, alongside insider sales from its director and CEO.

Acorns Advisers LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,603 shares of the computer hardware maker's stock after purchasing an additional 17,983 shares during the period. NVIDIA accounts for 0.1% of Acorns Advisers LLC's investment portfolio, making the stock its 23rd largest holding. Acorns Advisers LLC's holdings in NVIDIA were worth $10,145,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. grew its position 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 buying an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC grew its position in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after buying an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. grew its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after buying an additional 590 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.4%

NVDA stock opened at $177.82 on Friday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The stock has a market capitalization of $4.32 trillion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. 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 fifty day moving average of $174.42 and a 200-day moving average of $141.65.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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 net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the business earned $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Buying and Selling at NVIDIA

In other news, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the completion of the sale, the chief executive officer owned 72,248,366 shares of the company's stock, valued at $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,907,755 shares of company stock valued at $633,253,430 in the last 90 days. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $225.00 target price (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Barclays increased their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. TD Cowen increased their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Sanford C. Bernstein reiterated an "outperform" rating and set a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, DA Davidson upgraded shares of NVIDIA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $195.00 to $210.00 in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $207.83.

About NVIDIA

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.