Haverford Financial Services Inc. Increases Stock Position in NVIDIA Corporation $NVDA

Key Points

• Haverford Financial Services Inc. increased its stake in NVIDIA Corporation by 128.8%, owning 61,959 shares worth approximately $6.7 million.
• Analysts have a consensus rating of "Moderate Buy" for NVIDIA, with a price target averaging $207.69, following multiple upgrades from firms like UBS and Goldman Sachs.
• NVIDIA recently reported a net income margin of 52.41% for the last quarter and announced a quarterly dividend of $0.01 per share, despite higher insider share sales from both the CFO and CEO.

Haverford Financial Services Inc. lifted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 128.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,959 shares of the computer hardware maker's stock after purchasing an additional 34,878 shares during the quarter. NVIDIA accounts for approximately 2.1% of Haverford Financial Services Inc.'s portfolio, making the stock its 25th largest position. Haverford Financial Services Inc.'s holdings in NVIDIA were worth $6,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. GAMMA Investing LLC grew its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during 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 purchasing an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NVIDIA during the fourth quarter worth about $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NVIDIA by 11.4% during the fourth 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 worth $26,978,618,000 after purchasing an additional 20,494,402 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares of the company's stock, valued at $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the sale, the chief executive officer directly owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,872,755 shares of company stock valued at $764,283,330 in the last ninety days. 4.17% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NVDA. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Arete Research raised NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Wells Fargo & Company upped their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $230.00 target price (up previously from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Trading Down 2.7%

Shares of NASDAQ:NVDA traded down $4.64 during trading on Friday, reaching $167.02. 223,875,375 shares of the company traded hands, compared to its average volume of 167,410,624. The firm has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. NVIDIA Corporation has a 52-week low of $86.62 and a 52-week high of $184.48. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The business's fifty day moving average is $172.73 and its 200-day moving average is $140.20.

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, beating 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 firm had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm 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 $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is presently 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.