Norden Group LLC Acquires 2,010 Shares of NVIDIA Corporation $NVDA

Key Points

• Norden Group LLC increased its stake in NVIDIA Corporation by 1.4%, acquiring an additional 2,010 shares, bringing its total holdings to 143,122 shares valued at around $15.5 million.
• NVIDIA's CFO and CEO have recently sold significant amounts of their shares, with the CFO selling 27,640 shares and the CEO 75,000 shares, reflecting minor decreases in their overall ownership stakes.
• Analysts have raised their price targets for NVIDIA, with several brokerages now setting targets between $215 and $235, indicating strong positive outlooks for the company's stock.

Norden Group LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,122 shares of the computer hardware maker's stock after acquiring an additional 2,010 shares during the period. NVIDIA comprises about 1.8% of Norden Group LLC's portfolio, making the stock its 8th largest position. Norden Group LLC's holdings in NVIDIA were worth $15,511,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunpointe LLC boosted its stake in shares of NVIDIA by 89.0% in the first quarter. Sunpointe LLC now owns 94,816 shares of the computer hardware maker's stock worth $10,277,000 after buying an additional 44,639 shares during the last quarter. Eagle Bluffs Wealth Management LLC lifted its holdings in shares of NVIDIA by 2.6% in the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 63,498 shares of the computer hardware maker's stock worth $6,883,000 after acquiring an additional 1,618 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in shares of NVIDIA by 1.9% in the 1st quarter. Prosperity Consulting Group LLC now owns 130,124 shares of the computer hardware maker's stock valued at $14,103,000 after buying an additional 2,397 shares during the period. Beacon Bridge Wealth Partners LLC boosted its stake in shares of NVIDIA by 4.6% in the first quarter. Beacon Bridge Wealth Partners LLC now owns 6,194 shares of the computer hardware maker's stock valued at $671,000 after purchasing an additional 272 shares during the period. Finally, Brio Consultants LLC increased its holdings in NVIDIA by 1,479.4% during the 1st quarter. Brio Consultants LLC now owns 311,649 shares of the computer hardware maker's stock worth $33,777,000 after purchasing an additional 291,917 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total value of $13,482,000.00. Following the transaction, the chief executive officer directly owned 72,848,225 shares in the company, valued at approximately $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,862,440 shares of company stock worth $896,145,782. 4.17% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on NVDA. Craig Hallum increased their target price on NVIDIA from $195.00 to $245.00 and gave the company a "buy" rating in a report on Thursday. Robert W. Baird boosted their target price on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Barclays boosted their target price on NVIDIA from $170.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Benchmark boosted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

NVIDIA Stock Down 3.3%

NVDA stock traded down $5.99 during midday trading on Friday, hitting $174.18. 242,604,296 shares of the company's stock were exchanged, compared to its average volume of 168,293,824. The stock has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a price-to-earnings-growth ratio of 1.58 and a beta of 2.14. The company has a current ratio of 4.21, a quick ratio of 2.96 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 firm has a 50 day moving average price of $170.83 and a 200-day moving average price of $139.02.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. On average, analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 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.