Apella Capital LLC Boosts Stake in NVIDIA Corporation $NVDA

Key Points

• Apella Capital LLC increased its stake in NVIDIA Corporation by 2.7%, now owning 93,208 shares valued at approximately $14.75 million.
• NVIDIA reported a significant year-over-year revenue increase of 55.6%, totaling $46.74 billion for the last quarter, and exceeded earnings estimates by $0.04.
• Several institutional investors have significantly boosted their holdings in NVIDIA, resulting in these investors owning around 65.27% of the company's stock.

Apella Capital LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 93,208 shares of the computer hardware maker's stock after acquiring an additional 2,488 shares during the period. Apella Capital LLC's holdings in NVIDIA were worth $14,749,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NVDA. Nuveen LLC acquired a new position in NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after buying an additional 103,889,872 shares during the last quarter. GAMMA Investing LLC raised its position in NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after purchasing an additional 48,439,859 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after purchasing an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $2,987,733,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.42, for a total transaction of $13,231,500.00. Following the sale, the chief executive officer directly owned 71,683,203 shares of the company's stock, valued at $12,646,350,673.26. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 30,500 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the sale, the chief financial officer directly owned 2,883,402 shares in the company, valued at $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,020,022 shares of company stock valued at $677,418,500. 4.17% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVDA. Evercore ISI raised their price objective on NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Wall Street Zen upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Stifel Nicolaus lifted their price target on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Raymond James Financial lifted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Finally, New Street Research boosted their target price on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Stock Performance

Shares of NVDA stock traded up $0.43 on Friday, reaching $176.67. The stock had a trading volume of 236,580,653 shares, compared to its average volume of 177,120,144. The stock has a market cap of $4.29 trillion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 1.28 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 50 day simple moving average of $175.73 and a 200 day simple moving average of $143.62. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research 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 issued a $0.01 dividend. 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 payout ratio is 1.14%.

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.