NS Partners Ltd Boosts Stock Holdings in NVIDIA Corporation $NVDA

NS Partners Ltd raised its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,530,632 shares of the computer hardware maker's stock after buying an additional 23,019 shares during the period. NVIDIA makes up about 7.3% of NS Partners Ltd's investment portfolio, making the stock its 2nd largest holding. NS Partners Ltd's holdings in NVIDIA were worth $165,890,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in NVIDIA by 123.5% during the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the period. GAMMA Investing LLC raised its position 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 worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Northern Trust Corp raised its position 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 worth $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. Assenagon Asset Management S.A. raised 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 worth $3,864,026,000 after purchasing 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.

Insider Transactions at NVIDIA

In related news, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $169.65, for a total transaction of $12,723,750.00. Following the transaction, the chief executive officer owned 72,698,366 shares of the company's stock, valued at $12,333,277,791.90. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,682,755 shares of company stock valued at $594,406,430 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of several research analyst reports. Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Stifel Nicolaus lifted their price target on shares of NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. TD Cowen lifted their price target on shares of NVIDIA from $140.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, August 19th. Finally, Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $167.02 on Monday. The company has a 50 day moving average of $172.73 and a 200-day moving average of $140.21. The company has a market cap of $4.06 trillion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.21 and a beta of 2.10. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. During the same period in the prior year, the company posted $0.68 EPS. The company's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities research analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced 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 dividend payout ratio is currently 1.14%.

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.