Cresta Advisors Ltd. Purchases 4,359 Shares of NVIDIA Corporation $NVDA

Key Points

• Cresta Advisors Ltd. has increased its stake in NVIDIA Corporation by 25.3%, now owning 21,592 shares valued at approximately $2.34 million.
• Several large investors, including Kathleen S. Wright Associates Inc. and Bruce G. Allen Investments LLC, have also significantly increased their positions in NVIDIA during the recent quarters.
• NVIDIA's stock has received multiple buy ratings from analysts, with target prices ranging from $200 to $235, indicating strong market confidence in the company's performance.

Cresta Advisors Ltd. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 25.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,592 shares of the computer hardware maker's stock after buying an additional 4,359 shares during the quarter. NVIDIA makes up about 1.2% of Cresta Advisors Ltd.'s portfolio, making the stock its 21st biggest position. Cresta Advisors Ltd.'s holdings in NVIDIA were worth $2,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. One Degree Advisors Inc acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $234,000. Red Crane Wealth Management LLC increased its holdings in shares of NVIDIA by 9.1% during the 1st quarter. Red Crane Wealth Management LLC now owns 2,398 shares of the computer hardware maker's stock worth $260,000 after acquiring an additional 200 shares during the last quarter. Potentia Wealth boosted its stake in NVIDIA by 9.7% in the 1st quarter. Potentia Wealth now owns 53,874 shares of the computer hardware maker's stock valued at $5,839,000 after purchasing an additional 4,760 shares during the period. Ironwood Investment Counsel LLC boosted its stake in NVIDIA by 7.7% in the 1st quarter. Ironwood Investment Counsel LLC now owns 37,631 shares of the computer hardware maker's stock valued at $4,078,000 after purchasing an additional 2,704 shares during the period. Finally, CenterBook Partners LP boosted its stake in NVIDIA by 21.2% in the 1st quarter. CenterBook Partners LP now owns 130,434 shares of the computer hardware maker's stock valued at $14,136,000 after purchasing an additional 22,832 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock worth $764,283,330 over the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA traded down $4.64 on Friday, reaching $167.02. The stock had a trading volume of 223,875,375 shares, compared to its average volume of 167,410,624. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a 50-day moving average of $172.73 and a 200-day moving average of $140.21. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. 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 1.21 and a beta of 2.10.

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 (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 during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on NVDA shares. Citigroup restated a "buy" rating and issued a $210.00 price target (up from $190.00) on shares of NVIDIA in a research note on Thursday, August 28th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research report on Friday, August 1st. Sanford C. Bernstein reiterated an "outperform" rating and set a $225.00 target price (up from $185.00) on shares of NVIDIA in a research report on Thursday, August 28th. Morgan Stanley upped their target price on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a $215.00 target price on shares of NVIDIA in a research report on Thursday. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $207.69.

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.