Argonautica Private Wealth Management Inc. Has $10.58 Million Stake in NVIDIA Corporation $NVDA

Key Points

• Argonautica Private Wealth Management Inc. increased its stake in NVIDIA Corporation by 3.0% in the first quarter, now holding 97,617 shares valued at approximately $10.58 million.
• NVIDIA's CEO Jen Hsun Huang sold 75,000 shares for around $13.48 million, reducing his ownership by 0.10%.
• Analysts have given NVIDIA a consensus rating of "Moderate Buy" with an average target price of $192.44, and several firms have upgraded their previous price targets significantly.

Argonautica Private Wealth Management Inc. grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,617 shares of the computer hardware maker's stock after acquiring an additional 2,826 shares during the period. NVIDIA comprises approximately 3.6% of Argonautica Private Wealth Management Inc.'s investment portfolio, making the stock its 4th biggest holding. Argonautica Private Wealth Management Inc.'s holdings in NVIDIA were worth $10,580,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter worth $50,000. LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter worth $54,000. Kathleen S. Wright Associates Inc. lifted its holdings in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new stake in NVIDIA during the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The transaction 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 company'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 completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $177.99 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock's fifty day moving average price is $167.35 and its 200 day moving average price is $137.31. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a market cap of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Needham & Company LLC upped their target price on NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target (up from $200.00) on shares of NVIDIA in a research report on Monday. DA Davidson upped their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Wedbush upped their price target on NVIDIA from $175.00 to $210.00 and gave the stock an "outperform" rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $192.44.

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.

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