Garner Asset Management Corp Invests $6 Million in NVIDIA Corporation $NVDA

Key Points

• Garner Asset Management Corp has invested approximately $6 million in NVIDIA, acquiring 55,389 shares, making NVIDIA the firm's 5th largest position with 2.6% of its investment portfolio.
• NVIDIA reported a quarterly earnings miss with $0.81 EPS, against an estimate of $0.87, while also showing a significant year-over-year revenue increase of 69.2% to $44.06 billion.
• The company has recently announced a quarterly dividend of $0.01 per share, leading to an annualized dividend yield of 0.0%, and insiders have sold around $902 million worth of shares over the last 90 days.

Garner Asset Management Corp acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,389 shares of the computer hardware maker's stock, valued at approximately $6,003,000. NVIDIA accounts for approximately 2.6% of Garner Asset Management Corp's investment portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its holdings in shares of NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its holdings in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after acquiring an additional 9,468,786 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of NVIDIA by 0.9% in the fourth 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 acquiring an additional 3,721,331 shares during the period. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. KeyCorp raised their price target on NVIDIA from $190.00 to $215.00 and gave the stock an "overweight" rating in a report on Wednesday. Citigroup reissued an "overweight" rating on shares of NVIDIA in a research note on Monday. Wells Fargo & Company lifted their price objective on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Barclays lifted their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Finally, Loop Capital lifted their price objective on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.44.

NVIDIA Trading Up 1.7%

Shares of NASDAQ NVDA traded up $2.9670 during midday trading on Friday, reaching $177.9470. The company had a trading volume of 132,293,948 shares, compared to its average volume of 239,675,250. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm's fifty day moving average price is $166.63 and its 200-day moving average price is $136.90. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.34 trillion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 1.54 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. The firm's revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. NVIDIA has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were paid a $0.01 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $178.06, for a total value of $4,921,578.40. Following the sale, the chief financial officer owned 2,956,876 shares in the company, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock worth $902,886,782 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

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.