NVIDIA Corporation $NVDA is Cozad Asset Management Inc.'s 3rd Largest Position

Key Points

• Cozad Asset Management Inc. reduced its stake in NVIDIA Corporation by 4.7%, now holding 181,163 shares worth approximately $19.63 million, making it the firm's third-largest holding.
• Significant buying activity from other investors included Norges Bank acquiring over $43 billion in shares and GAMMA Investing LLC increasing its stake by 12,173.2% in the first quarter.
• NVIDIA recently reported better-than-expected earnings of $1.05 per share for the quarter, along with a quarterly dividend announcement of $0.01, indicating strong financial performance and shareholder value.

Cozad Asset Management Inc. cut its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 181,163 shares of the computer hardware maker's stock after selling 8,967 shares during the quarter. NVIDIA comprises approximately 2.0% of Cozad Asset Management Inc.'s portfolio, making the stock its 3rd largest holding. Cozad Asset Management Inc.'s holdings in NVIDIA were worth $19,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter worth about $50,000. LSV Asset Management acquired a new position in shares of NVIDIA during the fourth quarter worth about $54,000. Kathleen S. Wright Associates Inc. increased its stake 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 worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC increased its stake 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 worth $53,000 after acquiring an additional 327 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 17th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. DA Davidson boosted their price objective on shares of NVIDIA from $135.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Mizuho boosted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Four investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.69.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded down $5.99 on Monday, hitting $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 170,230,272. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The company has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.30 and a beta of 2.10. 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 has a 50 day moving average of $170.83 and a 200-day moving average of $139.10.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid 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 payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The shares were 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 approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction 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 $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. Insiders sold a total of 5,736,604 shares of company stock valued at $878,806,839 over the last ninety days. 4.17% of the stock is owned by corporate 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.