Maseco LLP Invests $1.15 Million in NVIDIA Corporation $NVDA

Key Points

• Maseco LLP invested approximately $1.15 million in NVIDIA Corporation, purchasing 7,297 shares during the 2nd quarter.
• Insider selling occurred as Director Persis Drell sold 40,000 shares for $7.1 million, reducing their ownership by 22.38%.
• Several analysts have raised their price targets for NVIDIA, with new estimates including a target of $240.00 from Cantor Fitzgerald.

Maseco LLP bought a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,297 shares of the computer hardware maker's stock, valued at approximately $1,152,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new position in NVIDIA in the fourth quarter valued at about $50,000. Kathleen S. Wright Associates Inc. grew its stake in 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 purchasing an additional 254 shares during the last quarter. Westend Capital Management LLC grew its stake in NVIDIA by 46.8% in the second quarter. Westend Capital Management LLC now owns 455 shares of the computer hardware maker's stock valued at $72,000 after purchasing an additional 145 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in NVIDIA in the first quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% in the first 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 during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, Director Persis Drell sold 40,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $177.65, for a total transaction of $7,106,000.00. Following the completion of the transaction, the director directly owned 138,740 shares in the company, valued at approximately $24,647,161. This represents a 22.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 30,500 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.40, for a total value of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares of the company's stock, valued at approximately $508,632,112.80. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,097,407 shares of company stock valued at $714,378,504 in the last quarter. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Phillip Securities upgraded NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Mizuho boosted their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, August 14th. The Goldman Sachs Group restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. New Street Research raised their target price on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 target price on shares of NVIDIA in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.00.

NVIDIA Stock Down 0.7%

NASDAQ NVDA opened at $187.62 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. The business has a fifty day moving average price of $178.11 and a 200 day moving average price of $148.15. The company has a market cap of $4.56 trillion, a P/E ratio of 53.45, a P/E/G ratio of 1.37 and a beta of 2.12. NVIDIA Corporation has a one year low of $86.62 and a one year high of $191.05.

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, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. 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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