LGT Fund Management Co Ltd. Acquires 56,211 Shares of NVIDIA Corporation $NVDA

Key Points

• LGT Fund Management Co Ltd. increased its holdings in NVIDIA Corporation by 17.9% during the first quarter, acquiring an additional 56,211 shares, bringing their total to 370,946 shares. This investment is valued at approximately $40.2 million.
• Insider transactions have seen significant sell-offs, with Director Dawn E. Hudson selling 18,000 shares and CEO Jen Hsun Huang selling 75,000 shares recently, reflecting a decrease in their ownership.
• Equities analysts have raised price targets for NVIDIA, with targets now ranging from $165.00 to $250.00, indicating strong expectations for the company's performance going forward.

LGT Fund Management Co Ltd. boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,946 shares of the computer hardware maker's stock after buying an additional 56,211 shares during the quarter. NVIDIA makes up approximately 3.6% of LGT Fund Management Co Ltd.'s investment portfolio, making the stock its 5th largest position. LGT Fund Management Co Ltd.'s holdings in NVIDIA were worth $40,203,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the first 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 during the last quarter. Copia Wealth Management acquired a new position in NVIDIA during the fourth quarter worth approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC increased its position in NVIDIA by 198.2% during the first 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 during the last quarter. Finally, Campbell Capital Management Inc. increased its position in NVIDIA by 5,900.0% during the first 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 during 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, Director Dawn E. Hudson sold 18,000 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $172.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00. Following the completion of the transaction, the chief executive officer owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,832,755 shares of company stock valued at $619,935,680 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Craig Hallum upped their target price on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Raymond James Financial upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Mizuho upped their target price on NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, Rosenblatt Securities upped their target price on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.42.

NVIDIA Stock Up 1.5%

NASDAQ NVDA opened at $170.76 on Wednesday. The business has a fifty day moving average price of $173.29 and a two-hundred day moving average price 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 Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a market capitalization of $4.15 trillion, a PE ratio of 48.65, a PEG ratio of 1.22 and a beta of 2.10.

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 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal 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 is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is presently 1.14%.

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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