Dagco Inc. Has $1.38 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Dagco Inc. increased its holdings in NVIDIA Corporation by 101.9% during the first quarter, now owning 12,753 shares valued at approximately $1.38 million.
• Institutional investors hold 65.27% of NVIDIA's stock, with notable increases from firms such as Goldman Sachs Group Inc. and GAMMA Investing LLC.
• NVIDIA's recent quarterly earnings showed a significant revenue increase of 55.6% year-over-year, reporting $46.74 billion and beating analysts' expectations.

Dagco Inc. raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 101.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,753 shares of the computer hardware maker's stock after buying an additional 6,437 shares during the quarter. Dagco Inc.'s holdings in NVIDIA were worth $1,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Nuveen LLC acquired a new stake in NVIDIA in the 1st quarter valued at approximately $15,089,414,000. Goldman Sachs Group Inc. increased its holdings in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares during the period. GAMMA Investing LLC increased its holdings in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares during the period. Northern Trust Corp increased its holdings in shares of NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of NVIDIA by 204.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NVDA shares. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $215.00 target price on shares of NVIDIA in a research note on Thursday, September 4th. Morgan Stanley upped their target price on shares of NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, August 28th. Wolfe Research upped their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Finally, Wedbush restated an "outperform" rating and set a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the transaction, the chief executive officer directly owned 72,398,366 shares in the company, valued at approximately $12,286,726,693.86. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the sale, the director owned 368,887 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 3,832,755 shares of company stock worth $619,935,680. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA opened at $170.76 on Wednesday. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. 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 company's 50 day simple moving average is $173.29 and its 200-day simple moving average is $140.65. The stock has a market capitalization of $4.15 trillion, a P/E ratio of 48.65, a price-to-earnings-growth ratio of 1.22 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. The business's revenue for the quarter was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

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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