Jacobi Capital Management LLC Has $8.92 Million Stock Position in NVIDIA Corporation $NVDA

Jacobi Capital Management LLC trimmed its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,324 shares of the computer hardware maker's stock after selling 2,372 shares during the quarter. NVIDIA accounts for 0.7% of Jacobi Capital Management LLC's portfolio, making the stock its 24th largest holding. Jacobi Capital Management LLC's holdings in NVIDIA were worth $8,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its holdings in NVIDIA by 9.0% during the first quarter. Advisors Capital Management LLC now owns 1,078,336 shares of the computer hardware maker's stock valued at $116,870,000 after purchasing an additional 89,275 shares in the last quarter. SWS Partners boosted its holdings in shares of NVIDIA by 0.7% in the 1st quarter. SWS Partners now owns 59,231 shares of the computer hardware maker's stock worth $6,419,000 after acquiring an additional 414 shares in the last quarter. Iron Gate Global Advisors LLC boosted its holdings in shares of NVIDIA by 20.7% in the 1st quarter. Iron Gate Global Advisors LLC now owns 317,389 shares of the computer hardware maker's stock worth $34,401,000 after acquiring an additional 54,461 shares in the last quarter. Mattson Financial Services LLC boosted its holdings in shares of NVIDIA by 28.0% in the 1st quarter. Mattson Financial Services LLC now owns 79,504 shares of the computer hardware maker's stock worth $8,617,000 after acquiring an additional 17,385 shares in the last quarter. Finally, WBI Investments LLC boosted its holdings in shares of NVIDIA by 393.4% in the 1st quarter. WBI Investments LLC now owns 21,568 shares of the computer hardware maker's stock worth $2,338,000 after acquiring an additional 17,197 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the stock in a transaction dated Wednesday, June 18th. The stock was 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 of the company's stock, valued at approximately $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,907,755 shares of company stock valued at $633,253,430. Company insiders own 4.17% of the company's stock.

NVIDIA Price Performance

NVDA opened at $177.82 on Monday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a fifty day simple moving average of $174.42 and a 200 day simple moving average of $141.80. The stock has a market cap 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.

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. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the prior year, the company earned $0.68 EPS. The firm's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts expect that NVIDIA Corporation will post 2.77 EPS 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 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 is presently 1.14%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group boosted their target price on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Needham & Company LLC reissued a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Thursday, August 28th. Phillip Securities raised NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 14th. Loop Capital boosted their price objective on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Stifel Nicolaus boosted their price objective on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.83.

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.

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