Howe & Rusling Inc. Acquires 3,996 Shares of NVIDIA Corporation $NVDA

Key Points

• Howe & Rusling Inc. increased its holdings in NVIDIA Corporation by 2.4%, acquiring an additional 3,996 shares, bringing its total stake to 169,225 shares valued at approximately $18.34 million.
• NVIDIA's recent quarterly earnings report revealed $1.05 EPS, exceeding analysts' expectations, and revenue of $46.74 billion, up 55.6% year-over-year.
• The company also announced a quarterly dividend of $0.01 per share, reflecting a 0.0% yield due to its relatively low payout ratio of 1.14%.

Howe & Rusling Inc. boosted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,225 shares of the computer hardware maker's stock after buying an additional 3,996 shares during the period. NVIDIA makes up approximately 1.5% of Howe & Rusling Inc.'s investment portfolio, making the stock its 17th largest position. Howe & Rusling Inc.'s holdings in NVIDIA were worth $18,341,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. grew its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. boosted its stake in shares of NVIDIA by 5,900.0% in the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock valued at $65,000 after purchasing an additional 590 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 0.0%

Shares of NASDAQ NVDA opened at $177.75 on Tuesday. The company has a market capitalization of $4.32 trillion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 1.29 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 debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The company's 50 day moving average price is $174.81 and its 200-day moving average price is $142.18.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly 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. 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 revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's payout ratio is presently 1.14%.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the transaction, the director owned 8,247,600 shares in the company, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president owned 4,018,547 shares in the company, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,405,552 shares of company stock worth $721,811,877 in the last quarter. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVDA shares. JPMorgan Chase & Co. restated an "overweight" rating and issued a $215.00 price target on shares of NVIDIA in a research note on Thursday, September 4th. Needham & Company LLC restated a "buy" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Truist Financial raised their price target on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Mizuho lifted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley lifted their target price on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $207.83.

About NVIDIA

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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