NVIDIA Corporation $NVDA is MWA Asset Management's 4th Largest Position

Key Points

• MWA Asset Management increased its stake in NVIDIA Corporation by 4.7%, acquiring an additional 1,737 shares to reach a total of 38,779 shares, valued at approximately $4.2 million.
• NVIDIA reported a 55.6% year-over-year increase in revenue, with a quarterly earnings of $1.05 per share, beating analysts' expectations.
• Insider selling occurred with Director Tench Coxe selling 1 million shares and CEO Jen Hsun Huang selling 75,000 shares, reflecting a notable decrease in their respective positions in the company.

MWA Asset Management boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,779 shares of the computer hardware maker's stock after purchasing an additional 1,737 shares during the quarter. NVIDIA comprises approximately 2.9% of MWA Asset Management's holdings, making the stock its 4th largest holding. MWA Asset Management's holdings in NVIDIA were worth $4,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Probity Advisors Inc. lifted its stake in NVIDIA by 7.0% in the 1st quarter. Probity Advisors Inc. now owns 2,285 shares of the computer hardware maker's stock worth $248,000 after purchasing an additional 150 shares in the last quarter. Credit Capital Investments LLC lifted its stake in NVIDIA by 33.3% in the 1st quarter. Credit Capital Investments LLC now owns 4,000 shares of the computer hardware maker's stock worth $434,000 after purchasing an additional 1,000 shares in the last quarter. Haverford Financial Services Inc. lifted its stake in NVIDIA by 128.8% in the 1st quarter. Haverford Financial Services Inc. now owns 61,959 shares of the computer hardware maker's stock worth $6,715,000 after purchasing an additional 34,878 shares in the last quarter. Solitude Financial Services purchased a new stake in NVIDIA in the 1st quarter worth $2,218,000. Finally, Empire Life Investments Inc. lifted its stake in NVIDIA by 178.5% in the 1st quarter. Empire Life Investments Inc. now owns 170,763 shares of the computer hardware maker's stock worth $18,507,000 after purchasing an additional 109,438 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 2.7%

NASDAQ:NVDA traded down $4.64 during mid-day trading on Friday, hitting $167.02. 223,875,375 shares of the stock traded hands, compared to its average volume of 172,462,880. The stock has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.21 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 firm's 50 day moving average is $172.73 and its two-hundred day moving average is $140.21. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $46.74 billion for the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's revenue was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. UBS Group upped their target price on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Jefferies Financial Group upped their target price on shares of NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Stifel Nicolaus upped their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Mizuho upped their target price on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, TD Cowen upped their target price on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, August 19th. Four 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 company's stock. According to MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total value of $11,440,500.00. Following the transaction, the chief executive officer directly owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares in the company, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,872,755 shares of company stock valued at $764,283,330 over the last 90 days. 4.17% of the stock is currently owned by insiders.

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.