Banco Santander S.A. Purchases 348,112 Shares of NVIDIA Corporation $NVDA

Key Points

• Banco Santander S.A. increased its investment in NVIDIA Corporation by 15%, acquiring an additional 348,112 shares during the first quarter, raising its total holdings to approximately 2.67 million shares valued at about $289 million.
• Several institutional investors have also increased their stakes in NVIDIA, with PNC Financial Services Group Inc. owning over 9.6 million shares valued at over $1 billion.
• NVIDIA reported $1.05 earnings per share for the last quarter, surpassing expectations, with revenue up 55.6% year-over-year, setting a positive outlook in the market.

Banco Santander S.A. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,666,381 shares of the computer hardware maker's stock after acquiring an additional 348,112 shares during the period. NVIDIA accounts for approximately 3.2% of Banco Santander S.A.'s investment portfolio, making the stock its 3rd biggest holding. Banco Santander S.A.'s holdings in NVIDIA were worth $288,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forge First Asset Management Inc. boosted its stake in shares of NVIDIA by 968.4% during the 1st quarter. Forge First Asset Management Inc. now owns 82,370 shares of the computer hardware maker's stock worth $8,959,000 after acquiring an additional 74,660 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in NVIDIA by 9.4% in the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 772,562 shares of the computer hardware maker's stock worth $83,730,000 after purchasing an additional 66,094 shares in the last quarter. Privium Fund Management UK Ltd purchased a new stake in shares of NVIDIA during the 1st quarter valued at approximately $4,398,000. Cumberland Partners Ltd raised its position in shares of NVIDIA by 130.2% during the 1st quarter. Cumberland Partners Ltd now owns 320,624 shares of the computer hardware maker's stock valued at $34,749,000 after buying an additional 181,340 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in NVIDIA by 5.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,623,230 shares of the computer hardware maker's stock valued at $1,042,966,000 after purchasing an additional 472,805 shares during the last quarter. 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 dated 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 sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing 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 that occurred on Monday, August 4th. The stock was 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 owned 2,956,876 shares in the company, valued at $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. Insiders have sold a total of 4,801,604 shares of company stock worth $747,046,639 over the last 90 days. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 3.3%

NASDAQ NVDA opened at $174.18 on Tuesday. 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 $171.43 and a 200-day simple moving average of $139.35. The firm has a market capitalization of $4.23 trillion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given 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 is Thursday, September 11th. NVIDIA's payout ratio is 1.14%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America boosted their target price on NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. TD Cowen increased their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Raymond James Financial increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Loop Capital raised their target price on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

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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