N.E.W. Advisory Services LLC Purchases 6,351 Shares of NVIDIA Corporation $NVDA

Key Points

• N.E.W. Advisory Services LLC increased its NVIDIA Corporation holdings by 23.7% in the first quarter, acquiring an additional 6,351 shares to bring total holdings to 33,187 shares worth approximately $3.6 million.
• NVIDIA's recent earnings report revealed a 55.6% year-over-year revenue increase, with $46.74 billion in revenue and an earnings per share of $1.05, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.01, marking a 0.0% dividend yield, with payment to shareholders scheduled for October 2nd.

N.E.W. Advisory Services LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 23.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,187 shares of the computer hardware maker's stock after purchasing an additional 6,351 shares during the period. N.E.W. Advisory Services LLC's holdings in NVIDIA were worth $3,597,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. raised its position in shares of NVIDIA by 0.9% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock valued at $9,610,000 after purchasing an additional 864 shares during the period. Centerpoint Advisory Group raised its position in shares of NVIDIA by 2.5% during the 1st quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after purchasing an additional 943 shares during the period. GSB Wealth Management LLC raised its position in shares of NVIDIA by 3.3% during the 1st quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after purchasing an additional 1,043 shares during the period. Variant Private Wealth LLC raised its position in shares of NVIDIA by 20.6% during the 1st quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after purchasing an additional 3,206 shares during the period. Finally, Financial Perspectives Inc raised its position in shares of NVIDIA by 2.8% during the 1st quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after purchasing an additional 1,265 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the completion of the sale, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $526,501,340.56. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,862,440 shares of company stock valued at $896,145,782. Company insiders own 4.17% of the company's stock.

NVIDIA Trading Down 3.3%

NVIDIA stock traded down $5.99 during trading hours on Friday, hitting $174.18. The company had a trading volume of 242,604,296 shares, compared to its average volume of 168,293,824. The firm has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G 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 1 year low of $86.62 and a 1 year high of $184.48. The company has a 50-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 released its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the previous year, the company earned $0.68 EPS. The firm's quarterly 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 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NVDA. Truist Financial raised their target price on shares of NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler set a $225.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Benchmark raised their target price on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday. Raymond James Financial lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Wolfe Research lifted their price objective on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.69.

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.