CBIZ Investment Advisory Services LLC Has $485,000 Position in 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 raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 60.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,470 shares of the computer hardware maker's stock after acquiring an additional 1,689 shares during the period. NVIDIA comprises about 0.1% of CBIZ Investment Advisory Services LLC's investment portfolio, making the stock its 21st largest holding. CBIZ Investment Advisory Services LLC's holdings in NVIDIA were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Counterweight Ventures LLC boosted its position in NVIDIA by 2.0% during the 1st quarter. Counterweight Ventures LLC now owns 48,689 shares of the computer hardware maker's stock worth $5,277,000 after acquiring an additional 961 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of NVIDIA by 22.8% in the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 511,000 shares of the computer hardware maker's stock worth $55,382,000 after purchasing an additional 95,000 shares in the last quarter. Dahring Cusmano LLC lifted its position in shares of NVIDIA by 6.9% in the first quarter. Dahring Cusmano LLC now owns 1,994 shares of the computer hardware maker's stock worth $216,000 after purchasing an additional 128 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in NVIDIA by 5.1% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 4,641 shares of the computer hardware maker's stock worth $503,000 after purchasing an additional 226 shares during the last quarter. Finally, Elyxium Wealth LLC grew its position in NVIDIA by 72.8% in the first quarter. Elyxium Wealth LLC now owns 55,205 shares of the computer hardware maker's stock valued at $5,983,000 after purchasing an additional 23,260 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday. Citigroup reiterated an "overweight" rating on shares of NVIDIA in a report on Monday. The Goldman Sachs Group started coverage on NVIDIA in a research note on Thursday, July 10th. They issued a "buy" rating and a $185.00 price target for the company. Wells Fargo & Company upped their price objective on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Loop Capital upped their price objective on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $189.97.

NVIDIA Stock Performance

Shares of NVDA traded down $0.24 during mid-day trading on Wednesday, reaching $175.40. The company's stock had a trading volume of 214,364,691 shares, compared to its average volume of 154,218,928. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The stock has a market cap of $4.28 trillion, a P/E ratio of 56.58, a PEG ratio of 1.54 and a beta of 2.14. The business has a 50-day simple moving average of $166.03 and a two-hundred day simple moving average of $136.50. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business's quarterly 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 anticipate 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 dividend payout ratio (DPR) is presently 1.29%.

Insider Buying and Selling

In other news, CEO Jen Hsun Huang sold 75,000 shares of the firm'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 value of $13,482,000.00. Following the completion of the sale, the chief executive officer directly owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value 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. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.

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.