Jones Financial Companies Lllp Grows Position in NVIDIA Corporation $NVDA

Key Points

• Jones Financial Companies Lllp increased its stake in NVIDIA Corporation by 34.8%, owning over 3.1 million shares worth approximately $340.5 million after purchasing an additional 803,006 shares in the last quarter.
• CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock, while Director Dawn E. Hudson sold 18,000 shares, reflecting a total insider selling of about 3.9 million shares valued at over $633 million in the past 90 days.
• NVIDIA recently reported a quarterly earnings increase of 55.6% year-over-year, with earnings per share of $1.05, exceeding analyst estimates, and has set ambitious target prices, with many analysts rating the stock as a "moderate buy" or better.

Jones Financial Companies Lllp raised its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 34.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,109,514 shares of the computer hardware maker's stock after purchasing an additional 803,006 shares during the quarter. Jones Financial Companies Lllp's holdings in NVIDIA were worth $340,502,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares in the last quarter. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its stake 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 valued at $53,000 after purchasing an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% during 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 hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $177.57, for a total value of $13,317,750.00. Following the sale, the chief executive officer owned 72,248,366 shares of the company's stock, valued at approximately $12,829,142,350.62. The trade was a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dawn E. Hudson sold 18,000 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total value of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, 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 3,907,755 shares of company stock worth $633,253,430 in the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Up 0.4%

NASDAQ:NVDA opened at $177.82 on Monday. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. 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 has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day simple moving average of $174.42 and a 200 day simple moving average of $141.80.

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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders 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 annualized dividend and a yield of 0.0%. NVIDIA's payout ratio is presently 1.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVDA. Phillip Securities upgraded shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wedbush reiterated an "outperform" rating and issued a $210.00 target price on shares of NVIDIA in a research report on Thursday, August 28th. Evercore ISI lifted their target price on NVIDIA from $190.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Piper Sandler set a $225.00 target price on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company lifted their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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