BlueStem Wealth Partners LLC lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 33.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,009 shares of the computer hardware maker's stock after buying an additional 3,772 shares during the period. BlueStem Wealth Partners LLC's holdings in NVIDIA were worth $1,627,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in NVIDIA during the 4th quarter worth approximately $43,515,504,000. GAMMA Investing LLC grew its position in NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares during the last quarter. Northern Trust Corp grew its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVIDIA during the 4th quarter worth approximately $2,987,733,000. 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 company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Colette Kress sold 27,640 shares of the firm'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 transaction, 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. In the last three months, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is currently owned by insiders.
NVIDIA Stock Up 1.7%
Shares of NVDA stock opened at $177.99 on Monday. The firm has a fifty day moving average of $167.35 and a 200-day moving average of $137.46. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 57.42, a P/E/G ratio of 1.56 and a beta of 2.14.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 105.09% and a net margin of 51.69%.The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm'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 predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th were given a $0.01 dividend. 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%.
Wall Street Analyst Weigh In
NVDA has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. TD Cowen increased their price objective on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Mizuho upped their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Wells Fargo & Company upped their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $206.00 target price (up previously from $200.00) on shares of NVIDIA in a research report on Monday, August 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.44.
View Our Latest Analysis on NVDA
NVIDIA Profile
(
Free Report)
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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