Gemmer Asset Management LLC Acquires 3,697 Shares of NVIDIA Corporation $NVDA

Key Points

• Gemmer Asset Management LLC has increased its stake in NVIDIA Corporation by 1.2% to a total of 301,129 shares, valued at approximately $47.6 million, making it the firm's 6th largest holding.
• Institutional investors now own about 65.27% of NVIDIA shares, with significant recent increases in holdings from firms like Kingstone Capital Partners and Goldman Sachs.
• NVIDIA reported a 55.6% year-over-year increase in revenue, reaching $46.74 billion, and surpassed earnings estimates by reporting $1.05 earnings per share.

Gemmer Asset Management LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,129 shares of the computer hardware maker's stock after buying an additional 3,697 shares during the period. NVIDIA comprises approximately 4.2% of Gemmer Asset Management LLC's investment portfolio, making the stock its 6th biggest holding. Gemmer Asset Management LLC's holdings in NVIDIA were worth $47,575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC lifted its holdings in 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 valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new position in shares of NVIDIA in the first quarter valued at about $15,089,414,000. Goldman Sachs Group Inc. lifted its stake 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. Amundi lifted its stake 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. Finally, Strs Ohio bought a new stake in shares of NVIDIA during the 1st quarter worth about $1,163,288,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVDA opened at $182.16 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $195.62. The firm has a market cap of $4.43 trillion, a P/E ratio of 51.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.12. The business's fifty day moving average is $179.35 and its 200-day moving average is $155.20.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. NVIDIA's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Daiwa Capital Markets raised their price objective on shares of NVIDIA from $165.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. UBS Group set a $320.00 target price on NVIDIA in a research report on Wednesday, October 15th. Hsbc Global Res upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Citigroup restated a "buy" rating and issued a $210.00 price target (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Finally, New Street Research upped their price objective on NVIDIA from $200.00 to $235.00 and gave the company a "buy" rating in a report on Friday, September 12th. Five investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $222.23.

Insider Buying and Selling at NVIDIA

In other news, Director Harvey C. Jones sold 250,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director owned 7,183,280 shares of the company's stock, valued at approximately $1,265,765,768.80. The trade was a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,801,577 shares of company stock worth $678,643,875 over the last three months. Corporate insiders own 4.17% of the company's stock.

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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