22,803 Shares in NVIDIA Corporation $NVDA Bought by HITE Hedge Asset Management LLC

Key Points

• HITE Hedge Asset Management LLC invested approximately $2.47 million in NVIDIA Corporation by acquiring 22,803 shares during the first quarter.
• NVIDIA reported earnings per share of $1.05 for the last quarter, exceeding analyst expectations of $1.01, with a revenue increase of 55.6% year-over-year.
• The company recently declared a $0.01 quarterly dividend to be paid on October 2nd, reflecting a low annualized yield of 0.0%.

HITE Hedge Asset Management LLC acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 22,803 shares of the computer hardware maker's stock, valued at approximately $2,471,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Laraway Financial Advisors Inc increased its holdings in NVIDIA by 1.3% in the 1st quarter. Laraway Financial Advisors Inc now owns 26,487 shares of the computer hardware maker's stock worth $2,871,000 after purchasing an additional 348 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in NVIDIA by 32.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 76,502 shares of the computer hardware maker's stock valued at $8,291,000 after acquiring an additional 18,695 shares during the last quarter. Fidato Wealth LLC bought a new stake in shares of NVIDIA during the 1st quarter valued at about $497,000. GSG Advisors LLC grew its stake in NVIDIA by 5.7% during the first quarter. GSG Advisors LLC now owns 43,938 shares of the computer hardware maker's stock worth $5,023,000 after purchasing an additional 2,371 shares during the period. Finally, Lincoln Capital LLC grew its stake in NVIDIA by 10.7% during the first quarter. Lincoln Capital LLC now owns 5,539 shares of the computer hardware maker's stock worth $548,000 after purchasing an additional 535 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $177.57, for a total value of $13,317,750.00. Following the transaction, the chief executive officer directly owned 72,248,366 shares in the company, valued at $12,829,142,350.62. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly 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 disclosure for this sale can be found here. Insiders have sold 3,907,755 shares of company stock valued at $633,253,430 in the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $0.16 during mid-day trading on Thursday, hitting $177.17. The company had a trading volume of 150,723,200 shares, compared to its average volume of 176,675,152. The company has a 50-day moving average price of $173.69 and a 200 day moving average price of $140.91. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 50.48, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, research 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. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's payout ratio is currently 1.14%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Barclays boosted their price objective on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, June 17th. Wolfe Research increased their price objective on NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Loop Capital raised their price target on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Raymond James Financial raised their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.83.

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.