Advisors Preferred LLC Takes $8.90 Million Position in NVIDIA Corporation $NVDA

Key Points

• Advisors Preferred LLC has acquired a new position in NVIDIA Corporation, purchasing 80,834 shares valued at approximately $8.90 million during the first quarter.
• Insider selling has occurred, with CEO Jen Hsun Huang selling 75,000 shares for $13.48 million, while CFO Colette Kress sold 27,640 shares for $4.92 million.
• NVIDIA received various analyst upgrades, including a price target increase from $185.00 to $200.00 by Jefferies Financial Group, with an average rating of "Moderate Buy" and a price target of about $189.97.

Advisors Preferred LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 80,834 shares of the computer hardware maker's stock, valued at approximately $8,904,000. NVIDIA comprises 1.2% of Advisors Preferred LLC's holdings, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Next Capital Management LLC raised its position in shares of NVIDIA by 0.8% during the first quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock valued at $1,364,000 after buying an additional 94 shares during the last quarter. Richardson Financial Services Inc. raised its position in shares of NVIDIA by 1.2% during the first quarter. Richardson Financial Services Inc. now owns 22,689 shares of the computer hardware maker's stock valued at $2,459,000 after buying an additional 269 shares during the last quarter. Madison Asset Management LLC raised its position in shares of NVIDIA by 1.7% during the first quarter. Madison Asset Management LLC now owns 24,143 shares of the computer hardware maker's stock valued at $2,617,000 after buying an additional 402 shares during the last quarter. Close Asset Management Ltd raised its position in shares of NVIDIA by 6.8% during the first quarter. Close Asset Management Ltd now owns 502,227 shares of the computer hardware maker's stock valued at $54,625,000 after buying an additional 31,916 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in shares of NVIDIA by 84.2% during the first quarter. Legato Capital Management LLC now owns 50,000 shares of the computer hardware maker's stock valued at $5,419,000 after buying an additional 22,859 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,912,440 shares of company stock valued at $902,886,782 over the last three months. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of several research reports. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Jefferies Financial Group boosted their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Benchmark restated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Truist Financial boosted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $189.97.

NVIDIA Stock Down 0.1%

Shares of NVDA opened at $175.40 on Thursday. The firm has a market capitalization of $4.28 trillion, a P/E ratio of 56.58, a P/E/G ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $166.03 and a 200-day moving average price of $136.50.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. Equities research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

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.

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