NVIDIA Corporation $NVDA Shares Purchased by Cornerstone Select Advisors LLC

Key Points

• Cornerstone Select Advisors LLC increased its holdings in NVIDIA Corporation by 5.6%, now owning 43,771 shares valued at approximately $4.74 million, making NVIDIA its second biggest position.
• NVIDIA's CEO, Jen Hsun Huang, sold 75,000 shares recently, representing a 0.10% decrease in his position, while insiders have sold a total of 3.83 million shares in the past three months.
• NVIDIA's stock has been performing well, with a market cap of $4.31 trillion and a 1-year high of $184.48, alongside a recent quarterly earnings report showing revenue growth of 55.6% compared to the same quarter last year.

Cornerstone Select Advisors LLC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,771 shares of the computer hardware maker's stock after acquiring an additional 2,317 shares during the quarter. NVIDIA accounts for 4.5% of Cornerstone Select Advisors LLC's portfolio, making the stock its 2nd largest holding. Cornerstone Select Advisors LLC's holdings in NVIDIA were worth $4,744,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. boosted its position in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Centerpoint Advisory Group lifted its position in NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock worth $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC lifted its position in NVIDIA by 3.3% in the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock worth $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC lifted its position in NVIDIA by 20.6% in the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock worth $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc lifted its position in NVIDIA by 2.8% in the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock worth $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Price Performance

NVIDIA stock traded down $0.16 during mid-day trading on Thursday, hitting $177.17. 150,723,200 shares of the company were exchanged, compared to its average volume of 176,675,152. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a market capitalization of $4.31 trillion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $173.69 and a 200 day moving average of $140.91.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid 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 is Thursday, September 11th. NVIDIA's dividend payout ratio is 1.14%.

Analyst Ratings Changes

NVDA has been the subject of several research reports. Craig Hallum raised their target price on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Wells Fargo & Company raised their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, August 27th. Jefferies Financial Group increased their price objective on NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, Wedbush reiterated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.

Insider Buying and Selling

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at approximately $12,829,142,350.62. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the transaction, the director owned 368,887 shares in the company, valued at $63,448,564. The trade was a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,907,755 shares of company stock valued at $633,253,430. 4.17% of the stock is currently owned by company insiders.

About NVIDIA

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.