Foster Group Inc. Raises Position in NVIDIA Corporation $NVDA

Key Points

• Foster Group Inc. increased its stake in NVIDIA Corporation by 10%, owning 32,087 shares valued at $5,069,000 as of the end of the last quarter.
• NVIDIA reported $46.74 billion in revenue for the quarter, surpassing expectations and achieving a 55.6% year-over-year revenue growth.
• The company has declared a quarterly dividend of $0.01 per share, with the payout scheduled for October 2nd, reflecting a low dividend yield of 0.0%.

Foster Group Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,087 shares of the computer hardware maker's stock after purchasing an additional 2,920 shares during the quarter. Foster Group Inc.'s holdings in NVIDIA were worth $5,069,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC increased its holdings in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NVIDIA by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker's stock worth $22,412,434,000 after buying an additional 5,896,735 shares during the last quarter. 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 buying an additional 103,889,872 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth $15,089,414,000. Finally, Amundi increased its holdings in shares of NVIDIA by 16.0% during the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock worth $13,826,199,000 after buying an additional 18,733,431 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 0.4%

Shares of NVIDIA stock opened at $187.24 on Thursday. The business has a 50-day moving average of $177.52 and a 200-day moving average of $147.17. 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 has a market capitalization of $4.55 trillion, a PE ratio of 53.34, a P/E/G ratio of 1.35 and a beta of 2.12. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $188.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, topping 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 business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter last year, the company posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,022,407 shares of company stock valued at $700,382,754. Insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Mizuho upped their price objective on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Wedbush reiterated an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Truist Financial increased their price target on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a report on Thursday, August 28th. TD Cowen increased their price target on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, August 19th. Finally, Benchmark increased their price target on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.00.

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.

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