Intech Investment Management LLC lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,911,684 shares of the computer hardware maker's stock after selling 280,464 shares during the period. NVIDIA makes up 4.4% of Intech Investment Management LLC's portfolio, making the stock its biggest position. Intech Investment Management LLC's holdings in NVIDIA were worth $423,948,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker's stock valued at $43,631,000 after acquiring an additional 35,815 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in 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 valued at $315,100,000 after buying an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in NVIDIA by 6.7% in the 4th 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 during the period. Hudson Value Partners LLC grew its stake in NVIDIA by 30.7% during the 4th quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker's stock valued at $6,805,000 after acquiring an additional 11,900 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of NVIDIA by 1.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 737,749 shares of the computer hardware maker's stock worth $99,072,000 after acquiring an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on NVDA. Bank of America upped their price objective on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Stifel Nicolaus increased their price objective on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Four investment 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 currently has a consensus rating of "Moderate Buy" and an average price target of $207.83.
Check Out Our Latest Analysis on NVIDIA
NVIDIA Trading Up 0.4%
Shares of NASDAQ NVDA opened at $177.82 on Friday. 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. The firm has a market capitalization of $4.32 trillion, a P/E ratio of 50.66, a P/E/G ratio of 1.29 and a beta of 2.10. The company's 50 day simple moving average is $174.42 and its 200 day simple moving average is $141.65.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's revenue was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.
Insider Activity
In other news, 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 transaction, the chief executive officer 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 at this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of NVIDIA 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 in the company, 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 sold 3,907,755 shares of company stock valued at $633,253,430 over the last 90 days. Corporate insiders own 4.17% of the company's stock.
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.
Further Reading
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