GK Wealth Management LLC raised its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 239.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,640 shares of the computer hardware maker's stock after acquiring an additional 5,386 shares during the quarter. NVIDIA comprises 1.0% of GK Wealth Management LLC's portfolio, making the stock its 24th largest position. GK Wealth Management LLC's holdings in NVIDIA were worth $828,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of NVIDIA by 12.4% during the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock worth $43,631,000 after purchasing an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker's stock worth $315,100,000 after purchasing an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its position in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker's stock worth $7,842,000 after purchasing an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its position in shares of NVIDIA by 30.7% during the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock worth $6,805,000 after purchasing an additional 11,900 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of NVIDIA by 1.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after purchasing an additional 13,700 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on NVDA. Wedbush reissued an "outperform" rating and set a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a report on Thursday, August 28th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Wolfe Research raised their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Benchmark raised their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.83.
Get Our Latest Stock Report on NVDA
NVIDIA Stock Up 0.4%
NVIDIA stock opened at $177.82 on Monday. The firm has a market capitalization of $4.32 trillion, a PE ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. The company's 50-day moving average is $174.42 and its 200-day moving average is $141.80. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released 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. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA'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 business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued 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 payout ratio is presently 1.14%.
Insider Activity
In related news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares of the company's stock, valued at approximately $63,448,564. The trade was a 4.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total transaction of $13,317,750.00. Following the sale, the chief executive officer directly owned 72,248,366 shares of the company's stock, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,907,755 shares of company stock valued at $633,253,430 in the last ninety days. 4.17% of the stock is currently owned by insiders.
About NVIDIA
(
Free Report)
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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