NVIDIA Corporation $NVDA Shares Bought by Novus Advisors LLC

Novus Advisors LLC boosted its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 14.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,259 shares of the computer hardware maker's stock after acquiring an additional 3,412 shares during the quarter. NVIDIA comprises 3.0% of Novus Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Novus Advisors LLC's holdings in NVIDIA were worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. High Note Wealth LLC boosted its position in shares of NVIDIA by 0.5% in the first quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock valued at $1,937,000 after acquiring an additional 91 shares during the period. Kelly Financial Services LLC raised its position in NVIDIA by 2.0% in the first quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after purchasing an additional 94 shares in the last quarter. Next Capital Management LLC lifted its position in shares of NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after buying an additional 94 shares during the period. Mendel Capital Management LLC lifted its holdings in shares of NVIDIA by 0.8% during the first quarter. Mendel Capital Management LLC now owns 11,871 shares of the computer hardware maker's stock valued at $1,287,000 after acquiring an additional 96 shares during the period. Finally, Affiance Financial LLC boosted its position in NVIDIA by 0.7% in the first quarter. Affiance Financial LLC now owns 13,651 shares of the computer hardware maker's stock valued at $1,479,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Truist Financial increased their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Rosenblatt Securities lifted their price target on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Wedbush reissued an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Jefferies Financial Group boosted their target price on shares of NVIDIA from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a $215.00 price target on shares of NVIDIA in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total value 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. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 608,248 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. The trade was a 6.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,951,604 shares of company stock valued at $772,854,889 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Up 0.6%

Shares of NVDA traded up $1.04 during trading hours on Thursday, reaching $171.66. The stock had a trading volume of 140,239,481 shares, compared to its average volume of 238,167,859. The firm has a 50-day moving average of $172.21 and a 200 day moving average of $139.78. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market cap of $4.17 trillion, a P/E ratio of 48.91, a P/E/G ratio of 1.30 and a beta of 2.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 quarter in the prior year, the company earned $0.68 earnings per share. The business's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be given 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 currently 1.14%.

NVIDIA 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.