CBIZ Investment Advisory Services LLC Purchases 1,689 Shares of NVIDIA Corporation $NVDA

Key Points

• CBIZ Investment Advisory Services LLC increased its stake in NVIDIA Corporation by 60.7% in Q1, acquiring an additional 1,689 shares and now holds 4,470 shares valued at $485,000.
• Multiple analysts have adjusted their target prices for NVIDIA, with Oppenheimer raising its target from $175 to $200, indicating a strong outlook for the stock.
• Insiders sold a significant number of NVIDIA shares in recent months, including Director Tench Coxe, who sold 1,000,000 shares valued at about $142.8 million.

CBIZ Investment Advisory Services LLC increased its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 60.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,470 shares of the computer hardware maker's stock after purchasing an additional 1,689 shares during the quarter. NVIDIA accounts for 0.1% of CBIZ Investment Advisory Services LLC's holdings, making the stock its 21st biggest position. CBIZ Investment Advisory Services LLC's holdings in NVIDIA were worth $485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $43,515,504,000. GAMMA Investing LLC increased its position in shares of NVIDIA by 12,173.2% in the first 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 in the last quarter. Northern Trust Corp increased its position in shares of NVIDIA by 15.8% in the fourth 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 in the last quarter. Assenagon Asset Management S.A. increased its position in shares of NVIDIA by 204.6% in the first 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in NVIDIA in the 4th quarter worth about $2,987,733,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, 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 of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. TD Cowen boosted their price objective on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday. Oppenheimer boosted their price objective on shares of NVIDIA from $175.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $189.97.

NVIDIA Stock Down 3.0%

NVDA stock traded down $5.3080 during trading hours on Wednesday, hitting $170.3320. The company's stock had a trading volume of 63,913,946 shares, compared to its average volume of 239,821,359. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.16 trillion, a PE ratio of 54.95, a price-to-earnings-growth ratio of 1.60 and a beta of 2.14. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a 50 day moving average price of $165.38 and a two-hundred day moving average price of $136.23.

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

NVIDIA Dividend Announcement

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

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.