Korea Investment CORP Grows Stock Position in NVIDIA Corporation $NVDA

Key Points

• Korea Investment CORP increased its stake in NVIDIA Corporation by 3.0%, acquiring an additional 566,975 shares, now owning a total of about 19,775,381 shares worth approximately $2.14 billion.
• Insider transactions revealed significant selling, with Director Dawn E. Hudson selling 18,000 shares and CEO Jen Hsun Huang selling 75,000 shares, resulting in a combined drop in ownership percentages.
• NVIDIA recently reported a 55.6% year-over-year revenue increase with earnings of $1.05 per share, surpassing analyst expectations, and plans to issue a quarterly dividend of $0.01 per share.

Korea Investment CORP grew its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,775,381 shares of the computer hardware maker's stock after acquiring an additional 566,975 shares during the quarter. NVIDIA accounts for approximately 5.2% of Korea Investment CORP's investment portfolio, making the stock its 2nd biggest position. Korea Investment CORP owned about 0.08% of NVIDIA worth $2,143,256,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. raised its holdings in NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares in the last quarter. Copia Wealth Management acquired a new position in NVIDIA in the 4th quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA in the 1st quarter valued at $51,000. Bruce G. Allen Investments LLC raised its holdings in 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 acquiring an additional 327 shares in the last quarter. Finally, Campbell Capital Management Inc. raised its holdings in shares of NVIDIA by 5,900.0% during the 1st quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the sale, the director owned 8,247,600 shares in the company, valued at approximately $1,198,046,376. The trade was a 6.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the sale, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,907,755 shares of company stock valued at $633,253,430 in the last 90 days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen boosted their price target on NVIDIA from $140.00 to $235.00 and gave the stock a "buy" rating in a report on Tuesday, August 19th. Craig Hallum boosted their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Raymond James Financial boosted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Needham & Company LLC reissued a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Finally, Wolfe Research boosted their price target on NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $207.83.

NVIDIA Price Performance

NVDA traded down $0.16 on Thursday, reaching $177.17. The stock had a trading volume of 150,723,200 shares, compared to its average volume of 176,675,152. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a 50-day moving average of $173.69 and a 200-day moving average of $140.91. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 50.48, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.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 firm earned $0.68 EPS. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

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.