Ferguson Wellman Capital Management Inc. Raises Position in NVIDIA Corporation $NVDA

Key Points

• Ferguson Wellman Capital Management Inc. increased its stake in NVIDIA Corporation by 2.6%, owning 1,983,319 shares valued at $313,345,000, making it the second largest position in their portfolio.
• NVIDIA reported strong quarterly earnings, with an EPS of $1.05, surpassing estimates, and a revenue of $46.74 billion, marking a 55.6% year-over-year increase.
• The company has announced a quarterly dividend of $0.01, representing a minimal yield of 0.0%, and is preparing for future earnings guidance.

Ferguson Wellman Capital Management Inc. raised its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,983,319 shares of the computer hardware maker's stock after buying an additional 50,175 shares during the period. NVIDIA comprises 5.5% of Ferguson Wellman Capital Management Inc.'s portfolio, making the stock its 2nd biggest position. Ferguson Wellman Capital Management Inc.'s holdings in NVIDIA were worth $313,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Copia Wealth Management bought a new stake in NVIDIA during the 4th quarter worth about $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC raised its stake in shares of NVIDIA by 198.2% in 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 last quarter. Finally, Campbell Capital Management Inc. raised its stake in shares of NVIDIA by 5,900.0% in the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 0.4%

NASDAQ NVDA opened at $177.69 on Friday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.55. The stock has a 50-day simple moving average of $176.48 and a 200 day simple moving average of $145.30. 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 $4.32 trillion, a PE ratio of 50.62, a P/E/G ratio of 1.28 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts forecast 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 issued a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 350,000 shares of NVIDIA stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director directly owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. The trade was a 4.52% 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, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $163.11, for a total value of $12,233,250.00. Following the completion of the sale, the chief executive officer owned 74,873,225 shares of the company's stock, valued at $12,212,571,729.75. This trade represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,176,470 shares of company stock valued at $720,979,162 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Tuesday. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Finally, Mizuho raised their price target on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a report on Thursday, August 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.82.

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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