Montag A & Associates Inc. Has $20.53 Million Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Montag A & Associates Inc. increased its stake in NVIDIA Corporation by 4.9% in Q1, acquiring an additional 8,853 shares to reach a total of 189,404 shares worth approximately $20.53 million.
• Wall Street analysts are optimistic about NVIDIA, with several firms increasing their price targets; Bank of America raised it from $180 to $220, while Truist Financial set a new target of $210.
• Insider activity shows senior executives sold significant shares recently, with CFO Colette Kress selling 27,640 shares and CEO Jen Hsun Huang selling 75,000 shares, indicating some reduction in their holdings.

Montag A & Associates Inc. boosted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,404 shares of the computer hardware maker's stock after buying an additional 8,853 shares during the quarter. NVIDIA makes up about 1.0% of Montag A & Associates Inc.'s investment portfolio, making the stock its 20th biggest holding. Montag A & Associates Inc.'s holdings in NVIDIA were worth $20,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Copia Wealth Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of NVIDIA during the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC grew its holdings in shares of NVIDIA by 198.2% during 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. Finally, Delos Wealth Advisors LLC grew its holdings in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after purchasing an additional 283 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $142.80, for a total value of $142,800,000.00. Following the completion of the transaction, the director directly owned 26,671,360 shares in the company, valued at $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 3.1%

NASDAQ NVDA traded down $5.6210 during trading on Tuesday, hitting $176.3890. 134,558,082 shares of the company traded hands, compared to its average volume of 240,815,766. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The business has a fifty day simple moving average of $164.75 and a 200 day simple moving average of $135.95. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.30 trillion, a P/E ratio of 56.85, a PEG ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The company's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVDA. Rosenblatt Securities increased their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. UBS Group reissued a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. Piper Sandler set a $225.00 price objective on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $240.00 price objective (up from $200.00) on shares of NVIDIA in a report on Monday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $189.28.

About NVIDIA

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.