Chesley Taft & Associates LLC Has $73.95 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Chesley Taft & Associates LLC holds a stock position in NVIDIA Corporation worth approximately $73.95 million, accounting for about 3.3% of the fund's total holdings.
• Several institutional investors are actively trading NVIDIA shares, with notable increases in holdings, including Copia Wealth Management and Kathleen S. Wright Associates Inc., which raised their positions significantly in recent quarters.
• NVIDIA's earnings report revealed a 55.6% year-over-year revenue increase, reporting $46.74 billion in revenue and a $1.05 EPS for the quarter, surpassing analysts' expectations.

Chesley Taft & Associates LLC decreased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,094 shares of the computer hardware maker's stock after selling 5,389 shares during the period. NVIDIA accounts for about 3.3% of Chesley Taft & Associates LLC's holdings, making the stock its 4th largest holding. Chesley Taft & Associates LLC's holdings in NVIDIA were worth $73,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copia Wealth Management bought a new position in NVIDIA during the 4th quarter valued at approximately $50,000. Kathleen S. Wright Associates Inc. raised its position in shares of NVIDIA by 169.3% in the 1st 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 bought a new position in shares of NVIDIA in the 1st quarter worth approximately $51,000. Bruce G. Allen Investments LLC raised its position in shares of NVIDIA by 198.2% in the 1st 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. Finally, Campbell Capital Management Inc. raised its position in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the transaction, the chief executive officer directly owned 74,873,225 shares in the company, valued at approximately $12,212,571,729.75. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,203,905 shares of company stock valued at $722,009,402. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of several research reports. JPMorgan Chase & Co. reissued a "buy" rating and issued a $215.00 target price on shares of NVIDIA in a research report on Friday, September 19th. KeyCorp reissued an "overweight" rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a research report on Thursday, August 28th. New Street Research increased their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Benchmark increased their target price on NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, Daiwa Capital Markets upped their price target on NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $208.76.

NVIDIA Stock Performance

NVDA stock opened at $178.43 on Wednesday. The company has a market cap of $4.34 trillion, a P/E ratio of 50.83, a price-to-earnings-growth ratio of 1.33 and a beta of 2.10. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The stock's fifty day moving average price is $176.28 and its 200-day moving average price is $144.59.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 EPS. NVIDIA'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 forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.

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