Foster & Motley Inc. Grows Position in NVIDIA Corporation $NVDA

Key Points

• Foster & Motley Inc. increased its stake in NVIDIA Corporation by 30.6%, acquiring an additional 3,272 shares, bringing their total to 13,967 shares valued at approximately $1.51 million.
• Insider trading activities revealed that CEO Jen Hsun Huang sold 75,000 shares worth $13.48 million, while CFO Colette Kress sold 27,640 shares valued at $4.92 million in August.
• Wall Street analysts are optimistic about NVIDIA's future, with several firms increasing their price targets, the highest being $245, and a consensus rating of "Moderate Buy."

Foster & Motley Inc. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,967 shares of the computer hardware maker's stock after buying an additional 3,272 shares during the quarter. Foster & Motley Inc.'s holdings in NVIDIA were worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC boosted its holdings in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock valued at $134,877,735,000 after acquiring an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after purchasing an additional 9,468,786 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after buying an additional 3,721,331 shares during the last quarter. Northern Trust Corp raised its position in NVIDIA by 15.8% in 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 buying an additional 36,266,817 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NVIDIA by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock valued at $26,978,618,000 after purchasing an additional 20,494,402 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Benchmark increased their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Mizuho raised their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. TD Cowen lifted their target price on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Finally, Morgan Stanley raised their price target on NVIDIA from $206.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Buying and Selling

In other news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value 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. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's 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 $13,095,196,926. This 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 5,862,440 shares of company stock valued at $896,145,782 over the last ninety days. 4.17% of the stock is owned by insiders.

NVIDIA Stock Down 3.3%

Shares of NVDA traded down $5.99 during mid-day trading on Friday, reaching $174.18. The company's stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The stock has a market cap of $4.23 trillion, a PE ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. The company's 50 day moving average is $170.83 and its 200 day moving average is $139.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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