Cary Street Partners Investment Advisory LLC Has $4.19 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Cary Street Partners Investment Advisory LLC has increased its stake in NVIDIA Corporation by 15.9%, holding 38,686 shares valued at approximately $4.19 million, making it the firm's third largest position.
• Recent insider sales include Director Tench Coxe selling 1,000,000 shares for $142.80 each, totaling $142.8 million, which represents a 3.61% reduction in his holdings.
• NVIDIA reported earnings of $1.05 per share for the last quarter, exceeding analyst estimates, and its revenue increased by 55.6% year-over-year to $46.74 billion.

Cary Street Partners Investment Advisory LLC increased its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 15.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,686 shares of the computer hardware maker's stock after acquiring an additional 5,300 shares during the period. NVIDIA comprises approximately 2.4% of Cary Street Partners Investment Advisory LLC's portfolio, making the stock its 3rd largest position. Cary Street Partners Investment Advisory LLC's holdings in NVIDIA were worth $4,193,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter worth $50,000. LSV Asset Management purchased a new position in NVIDIA in the fourth quarter worth $54,000. Kathleen S. Wright Associates Inc. grew its position in NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the first quarter worth $51,000. Finally, Bruce G. Allen Investments LLC grew its position in 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 acquiring an additional 327 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,872,755 shares of company stock worth $764,283,330 over the last quarter. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $171.66 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $172.55 and a 200-day moving average of $140.01. The firm has a market cap of $4.17 trillion, a P/E ratio of 48.91, a P/E/G ratio of 1.24 and a beta of 2.10. 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 earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The company 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 for the quarter was up 55.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wolfe Research upped their target price on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Barclays upped their price target on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Rosenblatt Securities boosted their target price on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given 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 stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA 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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