Maple Capital Management Inc. Purchases 7,003 Shares of NVIDIA Corporation $NVDA

Key Points

• Maple Capital Management Inc. increased its holdings in NVIDIA Corporation by 1.0%, now owning 732,482 shares valued at approximately $79.4 million, making it the fund's third largest position.
• Goldman Sachs Group Inc. significantly expanded its stake in NVIDIA by 123.5% in the first quarter, now holding nearly 188 million shares valued at over $20.3 billion.
• NVIDIA recently reported a quarterly earnings per share of $1.05, exceeding estimates, with revenue up 55.6% year-over-year, and announced a small dividend of $0.01 per share.

Maple Capital Management Inc. lifted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 732,482 shares of the computer hardware maker's stock after purchasing an additional 7,003 shares during the quarter. NVIDIA accounts for about 6.1% of Maple Capital Management Inc.'s investment portfolio, making the stock its 3rd largest holding. Maple Capital Management Inc.'s holdings in NVIDIA were worth $79,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Copia Wealth Management acquired a new stake in NVIDIA during the 4th quarter worth about $50,000. Kathleen S. Wright Associates Inc. boosted its position in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in NVIDIA during the 1st quarter worth about $51,000. Bruce G. Allen Investments LLC boosted its position 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 worth $53,000 after acquiring an additional 327 shares during the period. Finally, Campbell Capital Management Inc. boosted its position 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 worth $65,000 after acquiring an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NVDA. New Street Research raised their price objective on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wells Fargo & Company raised their price target on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. UBS Group raised their price target on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Citigroup cut their price target on NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, September 8th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.47.

NVIDIA Stock Performance

Shares of NVDA stock traded up $0.43 during trading on Friday, reaching $176.67. The company had a trading volume of 236,580,653 shares, compared to its average volume of 177,120,144. The firm's 50 day simple moving average is $175.73 and its two-hundred day simple moving average is $143.44. 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 one year low of $86.62 and a one year high of $184.48. The company has a market capitalization of $4.29 trillion, a PE ratio of 50.33, a PEG ratio of 1.27 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business earned $0.68 EPS. The firm's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts forecast that NVIDIA Corporation will post 2.77 earnings per share 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 issued 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 (DPR) is 1.14%.

Insiders Place Their Bets

In other NVIDIA news, Director Stephen C. Neal sold 28,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $177.58, for a total value of $4,972,240.00. Following the sale, the director owned 143,410 shares of the company's stock, valued at $25,466,747.80. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 297,797 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director directly owned 7,749,803 shares in the company, valued at $1,380,937,396.57. This trade represents a 3.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,020,022 shares of company stock worth $677,418,500. Corporate insiders own 4.17% of the company's stock.

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.