NVIDIA Corporation $NVDA is Morse Asset Management Inc's Largest Position

Key Points

• Morse Asset Management Inc has made NVIDIA Corporation its largest position, representing about 5.5% of its portfolio, despite a 2.1% reduction in shares recently.
• NVIDIA missed analysts' consensus earnings estimates by $0.06 but showed a 69.2% revenue increase year-over-year, reporting a revenue of $44.06 billion.
• Multiple hedge funds have increased their stakes in NVIDIA, with 65.27% of shares owned by institutional investors, indicating strong institutional confidence in the company.

Morse Asset Management Inc trimmed its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,923 shares of the computer hardware maker's stock after selling 4,334 shares during the period. NVIDIA makes up 5.5% of Morse Asset Management Inc's portfolio, making the stock its biggest position. Morse Asset Management Inc's holdings in NVIDIA were worth $21,668,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its holdings in shares of NVIDIA by 60.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 4,470 shares of the computer hardware maker's stock valued at $485,000 after buying an additional 1,689 shares during the period. Counterweight Ventures LLC raised its position in shares of NVIDIA by 2.0% during the 1st quarter. Counterweight Ventures LLC now owns 48,689 shares of the computer hardware maker's stock worth $5,277,000 after buying an additional 961 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of NVIDIA by 22.8% in the 1st quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 511,000 shares of the computer hardware maker's stock worth $55,382,000 after purchasing an additional 95,000 shares during the last quarter. Dahring Cusmano LLC grew its stake in shares of NVIDIA by 6.9% in the 1st quarter. Dahring Cusmano LLC now owns 1,994 shares of the computer hardware maker's stock worth $216,000 after purchasing an additional 128 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of NVIDIA by 5.1% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 4,641 shares of the computer hardware maker's stock worth $503,000 after purchasing an additional 226 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 3.1%

NVIDIA stock traded down $5.6210 during midday trading on Tuesday, hitting $176.3890. 134,558,082 shares of the stock were exchanged, compared to its average volume of 240,815,766. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a fifty day simple moving average of $164.75 and a two-hundred day simple moving average of $135.95. The stock has a market capitalization of $4.30 trillion, a PE ratio of 56.85, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Wednesday, June 11th. NVIDIA's payout ratio is presently 1.29%.

Insider Activity

In related 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 transaction of $142,800,000.00. Following the transaction, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of NVIDIA stock in a transaction 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 transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at approximately $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 a total of 5,912,440 shares of company stock valued at $902,886,782 in the last ninety days. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. Raymond James Financial boosted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Piper Sandler set a $225.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Wedbush reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, May 29th. Morgan Stanley reissued an "overweight" rating and issued a $206.00 price target (up from $200.00) on shares of NVIDIA in a report on Monday. Finally, Needham & Company LLC raised their price objective on shares of NVIDIA from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $189.28.

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.