NVIDIA Corporation $NVDA Stock Position Raised by Metis Global Partners LLC

Key Points

• Metis Global Partners LLC increased its stake in NVIDIA Corporation by 10.6%, acquiring an additional 155,096 shares, bringing its total holdings to approximately 1.62 million shares valued at $175.57 million.
• Insider trading activity is notable, with Director Mark A. Stevens selling 935,000 shares worth $131.76 million, and Director Tench Coxe selling 1 million shares valued at $142.80 million.
• Analysts maintain a generally positive outlook on NVIDIA, with most ratings being either "Buy" or "Strong Buy," alongside a recent target price increase to $194.31.

Metis Global Partners LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 10.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,619,922 shares of the computer hardware maker's stock after purchasing an additional 155,096 shares during the quarter. NVIDIA comprises approximately 4.9% of Metis Global Partners LLC's portfolio, making the stock its 3rd biggest position. Metis Global Partners LLC's holdings in NVIDIA were worth $175,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Kathleen S. Wright Associates Inc. boosted its holdings in shares of NVIDIA by 169.3% in the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $50,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $51,000. Bruce G. Allen Investments LLC lifted its holdings in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after purchasing an additional 327 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NVDA traded down $6.14 during trading hours on Friday, reaching $174.03. 164,832,828 shares of the company traded hands, compared to its average volume of 238,776,547. The company has a quick ratio of 2.96, a current ratio of 3.39 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $4.25 trillion, a PE ratio of 49.55, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The stock has a fifty day simple moving average of $170.22 and a 200 day simple moving average of $138.74.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a return on equity of 109.66% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be issued 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 is Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insider Activity at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer directly owned 72,848,225 shares in the company, valued at $13,095,196,926. The trade was a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA 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 sale, the chief financial officer 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 disclosure for this sale can be found here. Insiders have sold a total of 5,862,440 shares of company stock worth $896,145,782 over the last 90 days. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Craig Hallum increased their price target on NVIDIA from $195.00 to $245.00 and gave the stock a "buy" rating in a report on Thursday. Rosenblatt Securities increased their price target on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Truist Financial increased their price target on NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Loop Capital increased their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Four 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.69.

About NVIDIA

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.