NVIDIA Corporation $NVDA Shares Purchased by Costello Asset Management INC

Key Points

• Costello Asset Management INC significantly increased its holdings in NVIDIA by over 1,000% during the first quarter, now owning 118,404 shares valued at approximately $12.83 million.
• Insider transactions included significant sales by EVP Ajay K. Puri and Director Tench Coxe, totaling over $168 million, which denotes a decrease in their positions.
• NVIDIA's stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $207.69, reflecting positive sentiment despite recent insider selling.

Costello Asset Management INC grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1,000.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,404 shares of the computer hardware maker's stock after purchasing an additional 107,644 shares during the period. NVIDIA comprises approximately 5.2% of Costello Asset Management INC's holdings, making the stock its 4th largest holding. Costello Asset Management INC's holdings in NVIDIA were worth $12,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aquire Wealth Advisors LLC increased its stake in shares of NVIDIA by 37.9% during the first quarter. Aquire Wealth Advisors LLC now owns 7,532 shares of the computer hardware maker's stock valued at $816,000 after buying an additional 2,072 shares during the period. BCR Wealth Strategies LLC increased its stake in shares of NVIDIA by 10.6% during the first quarter. BCR Wealth Strategies LLC now owns 3,227 shares of the computer hardware maker's stock valued at $349,000 after buying an additional 308 shares during the period. Cary Street Partners Financial LLC increased its stake in shares of NVIDIA by 5.9% during the first quarter. Cary Street Partners Financial LLC now owns 170,675 shares of the computer hardware maker's stock valued at $18,498,000 after buying an additional 9,535 shares during the period. Advyzon Investment Management LLC increased its stake in shares of NVIDIA by 55.8% during the first quarter. Advyzon Investment Management LLC now owns 32,669 shares of the computer hardware maker's stock valued at $3,541,000 after buying an additional 11,694 shares during the period. Finally, Middleton & Co. Inc. MA increased its stake in shares of NVIDIA by 238.1% during the first quarter. Middleton & Co. Inc. MA now owns 53,452 shares of the computer hardware maker's stock valued at $5,793,000 after buying an additional 37,642 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 2.7%

NVDA stock traded down $4.64 during trading on Friday, reaching $167.02. 223,875,375 shares of the company traded hands, compared to its average volume of 167,410,624. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The business has a 50 day simple moving average of $172.73 and a 200 day simple moving average of $140.20. The company has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.25 and a beta of 2.10. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend 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%.

Analysts Set New Price Targets

Several brokerages have recently commented on NVDA. UBS Group raised their price target on NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company raised their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Needham & Company LLC restated a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. KeyCorp restated an "overweight" rating and set a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Finally, DA Davidson raised their price target on NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Activity

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares of the company's stock, valued at approximately $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,872,755 shares of company stock valued at $764,283,330. Corporate insiders own 4.17% of the company's stock.

NVIDIA 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.