Nan Fung Trinity HK Ltd. Buys New Position in NVIDIA Corporation $NVDA

Key Points

• Nan Fung Trinity HK Ltd. has acquired new holdings in NVIDIA Corporation, purchasing 178,000 shares valued at approximately $19.3 million, which now constitutes 3.1% of its investment portfolio.
• Prominent analysts have raised their ratings on NVIDIA, with BNP Paribas upgrading it to a "hold" and Loop Capital increasing its price target to $250, signaling strong confidence in the company's growth potential.
• NVIDIA recently announced a quarterly dividend of $0.01 per share to be paid on October 2nd, with the ex-dividend date set for September 11th, which reflects a modest payout strategy for investors.

Nan Fung Trinity HK Ltd. acquired a new stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 178,000 shares of the computer hardware maker's stock, valued at approximately $19,292,000. NVIDIA comprises approximately 3.1% of Nan Fung Trinity HK Ltd.'s portfolio, making the stock its 16th largest position.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter worth about $43,515,504,000. GAMMA Investing LLC raised its holdings in NVIDIA by 12,173.2% in 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 period. Northern Trust Corp raised its holdings in NVIDIA by 15.8% in 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 period. Assenagon Asset Management S.A. grew its position in NVIDIA by 204.6% in 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 acquiring an additional 23,948,733 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $2,987,733,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday. Barclays lifted their price objective on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. DA Davidson lifted their price objective on shares of NVIDIA from $135.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a research report on Thursday. Finally, UBS Group boosted their price target on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Stock Down 3.3%

Shares of NVIDIA stock traded down $5.99 during trading on Friday, hitting $174.18. 242,604,296 shares of the stock traded hands, compared to its average volume of 168,293,824. The stock has a market cap of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.96 and a current ratio of 4.21. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a fifty day moving average price of $170.83 and a two-hundred day moving average price of $139.08.

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, topping analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the sale, the director owned 26,671,360 shares of the company's stock, valued at $3,808,670,208. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. This represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is 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.