Jackson Square Partners LLC Has $16.48 Million Holdings in NVIDIA Corporation $NVDA

Key Points

• Jackson Square Partners LLC has reduced its stake in NVIDIA Corporation by 6.7% during the first quarter, retaining ownership of 152,030 shares valued at approximately $16.5 million.
• NVIDIA's stock opened at $167.02, and while it has a market cap of $4.06 trillion, shares declined by 2.7% recently.
• The company reported EPS of $1.05 for the last quarter, exceeding analysts' expectations and achieving a revenue of $46.74 billion, up 55.6% year-over-year.

Jackson Square Partners LLC lessened its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,030 shares of the computer hardware maker's stock after selling 10,940 shares during the period. NVIDIA comprises approximately 2.2% of Jackson Square Partners LLC's holdings, making the stock its 24th biggest holding. Jackson Square Partners LLC's holdings in NVIDIA were worth $16,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Copia Wealth Management acquired a new position in NVIDIA during the 4th quarter worth about $50,000. LSV Asset Management acquired a new position in NVIDIA during the 4th quarter worth about $54,000. Kathleen S. Wright Associates Inc. lifted its position in NVIDIA by 169.3% during the 1st 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. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the 1st quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC lifted its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $169.71, for a total transaction of $12,728,250.00. Following the completion of the sale, the chief executive officer owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This trade represents a 0.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total value of $3,096,000.00. Following the sale, the director directly owned 368,887 shares of the company's stock, valued at $63,448,564. This represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,832,755 shares of company stock valued at $619,935,680 in the last ninety days. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 4.1%

Shares of NVDA traded up $7.01 during mid-day trading on Wednesday, hitting $177.77. 55,792,144 shares of the company's stock were exchanged, compared to its average volume of 235,957,766. The company has a market cap of $4.32 trillion, a PE ratio of 50.74, a P/E/G ratio of 1.22 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 50-day simple moving average of $173.29 and a 200 day simple moving average of $140.65. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. NVIDIA's revenue 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 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Evercore ISI upped their price target on shares of NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Finally, UBS Group boosted their price objective on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Four research 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 issued a Sell rating to the company's stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average target price of $207.42.

NVIDIA 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.