Middleton & Co. Inc. MA Purchases 37,642 Shares of NVIDIA Corporation $NVDA

Key Points

• Middleton & Co. Inc. significantly increased its stake in NVIDIA Corporation, acquiring an additional 37,642 shares, which brought their total holdings to 53,452 shares valued at approximately $5.8 million as of the latest quarter.
• NVIDIA's stock price saw a 0.6% increase to $171.66 amid heavy trading, reflecting strong market interest and a robust market cap of $4.17 trillion.
• The company reported earnings of $1.05 per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.01 per share, highlighting its ongoing financial strength.

Middleton & Co. Inc. MA boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 238.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,452 shares of the computer hardware maker's stock after acquiring an additional 37,642 shares during the quarter. Middleton & Co. Inc. MA's holdings in NVIDIA were worth $5,793,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. boosted its stake in shares of 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 purchasing an additional 254 shares during the last quarter. Copia Wealth Management bought a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA in the 1st quarter valued at about $51,000. Bruce G. Allen Investments LLC boosted its stake in shares of 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 purchasing an additional 327 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the 4th quarter valued at about $54,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director Dawn E. Hudson sold 18,000 shares of NVIDIA 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 owned 368,887 shares of the company's stock, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $169.65, for a total value of $12,723,750.00. Following the completion of the transaction, the chief executive officer directly owned 72,698,366 shares of the company's stock, valued at approximately $12,333,277,791.90. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock valued at $764,283,330 in the last three months. Insiders own 4.17% of the company's stock.

NVIDIA Stock Down 2.7%

Shares of NVDA traded down $4.64 during mid-day trading on Friday, hitting $167.02. 223,875,375 shares of the company's stock were exchanged, compared to its average volume of 167,410,624. The company has a market cap of $4.06 trillion, a PE ratio of 47.58, a P/E/G ratio of 1.25 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a 50-day simple moving average of $172.73 and a 200 day simple moving average of $140.20. 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 (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, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period last year, the business earned $0.68 earnings per share. The firm's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend 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

NVDA has been the topic of a number of analyst reports. DA Davidson increased their price target on shares of NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Benchmark increased their price target on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Bank of America increased their price target on shares of NVIDIA from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target (up from $200.00) on shares of NVIDIA in a research report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

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.