Harvest Fund Management Co. Ltd Has $136 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Harvest Fund Management Co. Ltd has increased its stake in NVIDIA Corporation to 1,250,496 shares, making it the fund's second largest position, which represents approximately 6.9% of its investment portfolio.
• NVIDIA's stock has seen recent fluctuations, trading down 3.3% to $174.18, with a year-to-date high of $184.48 and a market capitalization of $4.23 trillion.
• The company reported strong financial performance, achieving $1.05 earnings per share and $46.74 billion in revenue for the last quarter, exceeding analyst expectations.

Harvest Fund Management Co. Ltd boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,250,496 shares of the computer hardware maker's stock after purchasing an additional 22,786 shares during the period. NVIDIA accounts for about 6.9% of Harvest Fund Management Co. Ltd's portfolio, making the stock its 2nd biggest holding. Harvest Fund Management Co. Ltd's holdings in NVIDIA were worth $136,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WIM INVESTMENT MANAGEMENT Ltd increased its holdings in NVIDIA by 48.0% in the 1st quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 111,000 shares of the computer hardware maker's stock worth $12,030,000 after purchasing an additional 36,000 shares in the last quarter. S&CO Inc. increased its stake in shares of NVIDIA by 0.4% in the first quarter. S&CO Inc. now owns 75,132 shares of the computer hardware maker's stock valued at $8,142,000 after buying an additional 277 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of NVIDIA during the 1st quarter valued at about $78,303,000. RD Finance Ltd bought a new stake in shares of NVIDIA during the 1st quarter valued at about $4,919,000. Finally, FSA Advisors Inc. boosted its holdings in NVIDIA by 31.4% in the first quarter. FSA Advisors Inc. now owns 17,221 shares of the computer hardware maker's stock worth $1,866,000 after acquiring an additional 4,120 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,862,440 shares of company stock valued at $896,145,782 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $5.99 during trading hours on Friday, reaching $174.18. The stock had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. The stock has a 50 day simple moving average of $170.83 and a 200 day simple moving average of $139.08. 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 P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14.

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

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating and issued a $225.00 target price (up previously from $200.00) on shares of NVIDIA in a report on Thursday. Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Barclays increased their price target on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $225.00 price target (up from $185.00) on shares of NVIDIA in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $207.69.

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.