LGT Group Foundation grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 30.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,264,238 shares of the computer hardware maker's stock after purchasing an additional 531,349 shares during the period. NVIDIA comprises about 3.4% of LGT Group Foundation's holdings, making the stock its 8th largest position. LGT Group Foundation's holdings in NVIDIA were worth $245,398,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Copia Wealth Management acquired a new position in shares of NVIDIA during the 4th quarter valued at about $50,000. Kathleen S. Wright Associates Inc. increased its holdings in shares of NVIDIA by 169.3% during 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 during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of 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 acquiring an additional 327 shares during the last quarter. Finally, Campbell Capital Management Inc. increased 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 valued at $65,000 after acquiring an additional 590 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.
NVIDIA Price Performance
Shares of NVDA stock opened at $170.76 on Wednesday. The stock has a 50 day moving average of $173.29 and a two-hundred day moving average of $140.65. The company has a current ratio of 4.21, a quick ratio of 3.60 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 market capitalization of $4.15 trillion, a P/E ratio of 48.65, a P/E/G ratio of 1.22 and a beta of 2.10.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 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 company had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same quarter last year, the company earned $0.68 EPS. The company's quarterly revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Raymond James Financial increased their price objective on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler set a $225.00 price objective on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Stifel Nicolaus increased their price objective on NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a report on Monday, August 25th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, TD Cowen increased their target price on NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $207.42.
Read Our Latest Stock Analysis on NVDA
Insider Buying and Selling
In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer owned 72,398,366 shares in the company, valued at $12,286,726,693.86. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 368,887 shares of the company's stock, valued at $63,448,564. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,832,755 shares of company stock valued at $619,935,680 in the last quarter. Corporate insiders own 4.17% of the company's stock.
About NVIDIA
(
Free Report)
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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