Morling Financial Advisors LLC Increases Position in NVIDIA Corporation $NVDA

Key Points

• Morling Financial Advisors LLC increased its stake in NVIDIA Corporation by 41.8% during Q1, now holding 20,760 shares valued at $2,250,000.
• CEO Jen Hsun Huang and CFO Colette Kress both sold significant amounts of NVIDIA stock recently, with Huang selling 75,000 shares for $13.48 million and Kress selling 27,640 shares for approximately $4.92 million.
• Wall Street analysts are optimistic about NVIDIA, with recent price target increases and a consensus rating of "Moderate Buy", anticipating a price target of $192.44.

Morling Financial Advisors LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 41.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,760 shares of the computer hardware maker's stock after purchasing an additional 6,120 shares during the quarter. NVIDIA comprises 0.8% of Morling Financial Advisors LLC's portfolio, making the stock its 19th largest position. Morling Financial Advisors LLC's holdings in NVIDIA were worth $2,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVDA. Norges Bank purchased a new stake in NVIDIA in the fourth quarter worth about $43,515,504,000. GAMMA Investing LLC grew its holdings in shares of NVIDIA by 12,173.2% during the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock valued at $5,293,039,000 after buying an additional 48,439,859 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of NVIDIA by 204.6% during the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after buying an additional 23,948,733 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of NVIDIA during the fourth quarter valued at approximately $2,987,733,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction on Friday, August 15th. The shares were sold at an average price of $179.76, for a total value of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, August 4th. The stock was sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the transaction, the chief financial officer directly owned 2,956,876 shares of the company's stock, valued at $526,501,340.56. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,912,440 shares of company stock worth $902,886,782. 4.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wedbush increased their price target on shares of NVIDIA from $175.00 to $210.00 and gave the company an "outperform" rating in a report on Thursday. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Citigroup restated an "overweight" rating on shares of NVIDIA in a research report on Monday. Bank of America increased their price objective on shares of NVIDIA from $180.00 to $220.00 in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.44.

NVIDIA Stock Up 1.7%

Shares of NVDA stock opened at $177.99 on Friday. The company has a market capitalization of $4.34 trillion, a price-to-earnings ratio of 57.42, a PEG ratio of 1.54 and a beta of 2.14. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The company's fifty day moving average price is $167.35 and its 200-day moving average price is $137.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is currently 1.29%.

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.

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