Neville Rodie & Shaw Inc. Raises Position in NVIDIA Corporation $NVDA

Key Points

• Neville Rodie & Shaw Inc. has increased its stake in NVIDIA Corporation by 13.4%, owning a total of 137,174 shares valued at $21.67 million.
• NVIDIA reported earnings of $1.05 per share, exceeding analysts' estimates, with revenue of $46.74 billion for the recent quarter, reflecting a 55.6% year-over-year increase.
• The company announced a quarterly dividend of $0.01 per share, representing an annualized rate of $0.04, with the payout date set for October 2nd.

Neville Rodie & Shaw Inc. grew its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,174 shares of the computer hardware maker's stock after purchasing an additional 16,200 shares during the period. NVIDIA makes up about 1.6% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 18th biggest holding. Neville Rodie & Shaw Inc.'s holdings in NVIDIA were worth $21,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Burkett Financial Services LLC raised its stake in NVIDIA by 1.3% in the 2nd quarter. Burkett Financial Services LLC now owns 5,450 shares of the computer hardware maker's stock worth $861,000 after acquiring an additional 70 shares during the last quarter. Elevate Wealth Advisory Inc. raised its stake in NVIDIA by 1.7% in the 1st quarter. Elevate Wealth Advisory Inc. now owns 4,617 shares of the computer hardware maker's stock worth $500,000 after acquiring an additional 77 shares during the last quarter. Earnest Partners LLC raised its stake in NVIDIA by 0.7% in the 1st quarter. Earnest Partners LLC now owns 11,334 shares of the computer hardware maker's stock worth $1,228,000 after acquiring an additional 81 shares during the last quarter. High Note Wealth LLC raised its stake in NVIDIA by 0.5% in the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after acquiring an additional 91 shares during the last quarter. Finally, Kelly Financial Services LLC raised its stake in NVIDIA by 2.0% in the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 1.6%

NVDA stock opened at $174.88 on Wednesday. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $184.48. The stock has a market cap of $4.25 trillion, a price-to-earnings ratio of 49.82, a PEG ratio of 1.29 and a beta of 2.10. The business's 50-day moving average is $175.11 and its 200 day moving average is $142.40.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the company posted $0.68 EPS. The business's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $11,524,126,241.50. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,975,304 shares of company stock valued at $665,001,763 in the last ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, August 27th. Wolfe Research increased their price target on NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Mizuho increased their price target on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Finally, Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $207.83.

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.