Brown Shipley& Co Ltd Has $18.56 Million Position in NVIDIA Corporation $NVDA

Key Points

• Brown Shipley & Co Ltd reduced its holdings in NVIDIA Corporation by 1.9%, selling 3,351 shares, and now owns approximately 171,244 shares, valued at about $18.56 million.
• NVIDIA reported a earnings miss with EPS of $0.81, below the estimated $0.87, but its revenue surged to $44.06 billion, a 69.2% increase year-over-year.
• The company has a market capitalization of $4.39 trillion and is highlighted by its strong institutional ownership, with 65.27% of the stock held by institutional investors and hedge funds.

Brown Shipley& Co Ltd cut its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,244 shares of the computer hardware maker's stock after selling 3,351 shares during the quarter. NVIDIA comprises about 10.5% of Brown Shipley& Co Ltd's holdings, making the stock its 2nd largest position. Brown Shipley& Co Ltd's holdings in NVIDIA were worth $18,559,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. boosted its position in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management bought a new position in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of NVIDIA during the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of NVIDIA by 198.2% in the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of NVIDIA in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on NVDA. UBS Group lifted their price objective on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Thursday. Raymond James Financial lifted their target price 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, Craig Hallum increased their price target on shares of NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Trading Down 3.4%

Shares of NASDAQ NVDA traded down $6.18 during mid-day trading on Friday, hitting $173.99. The stock had a trading volume of 187,479,039 shares, compared to its average volume of 238,924,422. The business has a 50 day moving average price of $170.22 and a two-hundred day moving average price of $138.74. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The firm has a market cap of $4.25 trillion, a P/E ratio of 49.58, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 109.66%. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock worth $896,145,782 in the last quarter. 4.17% of the stock is currently owned by company insiders.

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.