Riverpark Capital Management LLC Buys 4,933 Shares of NVIDIA Corporation $NVDA

Riverpark Capital Management LLC lifted its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 18.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,402 shares of the computer hardware maker's stock after purchasing an additional 4,933 shares during the period. NVIDIA accounts for 6.4% of Riverpark Capital Management LLC's portfolio, making the stock its largest holding. Riverpark Capital Management LLC's holdings in NVIDIA were worth $3,512,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have issued reports on NVDA. Wedbush reissued an "outperform" rating and issued a $210.00 price objective on shares of NVIDIA in a report on Thursday, August 28th. Benchmark upped their price target on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Citigroup cut their price target on shares of NVIDIA from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Piper Sandler set a $225.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, August 27th. Four equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.42.

NVIDIA Trading Up 3.4%

NASDAQ NVDA traded up $5.73 on Wednesday, hitting $176.49. The company's stock had a trading volume of 165,142,157 shares, compared to its average volume of 236,777,578. NVIDIA Corporation has a 1-year low of $86.62 and a 1-year high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's 50-day moving average is $173.29 and its 200 day moving average is $140.65. The firm has a market cap of $4.29 trillion, a PE ratio of 50.35, a PEG ratio of 1.22 and a beta of 2.10.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $45.65 billion. During the same period last year, the firm earned $0.68 earnings per share. The firm's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts predict that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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. 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 (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 on Wednesday, June 25th. The shares were sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the completion of the transaction, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 608,248 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total transaction of $88,354,104.48. Following the sale, the director directly owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,832,755 shares of company stock valued at $619,935,680. 4.17% of the stock is owned by corporate insiders.

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.