Close Asset Management Ltd Grows Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Close Asset Management Ltd increased its holdings in NVIDIA Corporation by 6.8%, owning a total of 502,227 shares worth approximately $54.6 million as of its latest SEC filing.
• NVIDIA's shares opened at $175.40, with a market cap of $4.28 trillion and a price-to-earnings ratio of 56.58, indicating strong demand despite slightly missing earnings expectations.
• Several large investors have significantly increased their stakes in NVIDIA, with Kathleen S. Wright Associates Inc. upping its holdings by 169.3% during the same period, reflecting a growing institutional interest in the company.

Close Asset Management Ltd grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 502,227 shares of the computer hardware maker's stock after purchasing an additional 31,916 shares during the period. NVIDIA makes up approximately 1.6% of Close Asset Management Ltd's holdings, making the stock its 21st largest position. Close Asset Management Ltd's holdings in NVIDIA were worth $54,625,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NVDA. Kathleen S. Wright Associates Inc. lifted its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after purchasing an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC increased its position in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.1%

Shares of NVDA stock opened at $175.40 on Thursday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $184.48. The firm has a fifty day moving average price of $166.03 and a 200-day moving average price of $136.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a market cap of $4.28 trillion, a price-to-earnings ratio of 56.58, a PEG ratio of 1.54 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company's revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current 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 dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is presently 1.29%.

Insider Activity

In related news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the transaction, the director owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares in the company, valued at approximately $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last quarter. Corporate insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NVDA shares. Wells Fargo & Company raised their price target on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Jefferies Financial Group raised their price target on shares of NVIDIA from $185.00 to $200.00 in a research report on Wednesday, July 16th. Morgan Stanley reissued an "overweight" rating and set a $206.00 price target (up previously from $200.00) on shares of NVIDIA in a research report on Monday. BNP Paribas raised shares of NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Four equities research 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $189.97.

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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