NVIDIA Corporation $NVDA is Aviso Wealth Management's 3rd Largest Position

Key Points

• Aviso Wealth Management has reduced its stake in NVIDIA Corporation by 1.9% during the first quarter, with the company now holding approximately 76,518 shares, valued at about $8.3 million, making it NVIDIA's third-largest position in their portfolio.
• NVIDIA reported a strong earnings performance for the latest quarter, achieving $1.05 EPS, which exceeded analyst expectations, alongside a notable revenue increase of 55.6% year-over-year.
• Multiple analysts have raised their target prices for NVIDIA, with Bank of America setting a new target at $235.00 and a majority of analysts rating the stock as a "Buy" or "Strong Buy."

Aviso Wealth Management lessened its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,518 shares of the computer hardware maker's stock after selling 1,446 shares during the quarter. NVIDIA makes up about 4.4% of Aviso Wealth Management's portfolio, making the stock its 3rd biggest holding. Aviso Wealth Management's holdings in NVIDIA were worth $8,293,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its holdings in shares of NVIDIA by 4.3% during the first quarter. Pathway Financial Advisers LLC now owns 14,369 shares of the computer hardware maker's stock worth $1,557,000 after buying an additional 591 shares in the last quarter. R Squared Ltd lifted its position in NVIDIA by 204.1% in the first quarter. R Squared Ltd now owns 6,480 shares of the computer hardware maker's stock valued at $702,000 after buying an additional 4,349 shares during the last quarter. Banco Santander S.A. lifted its position in NVIDIA by 15.0% in the first quarter. Banco Santander S.A. now owns 2,666,381 shares of the computer hardware maker's stock valued at $288,982,000 after buying an additional 348,112 shares during the last quarter. Forge First Asset Management Inc. lifted its position in NVIDIA by 968.4% in the first quarter. Forge First Asset Management Inc. now owns 82,370 shares of the computer hardware maker's stock valued at $8,959,000 after buying an additional 74,660 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its position in shares of NVIDIA by 9.4% during the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 772,562 shares of the computer hardware maker's stock worth $83,730,000 after purchasing an additional 66,094 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 27,640 shares of the stock in a transaction 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 transaction, the chief financial officer owned 2,956,876 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were 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 of the company's stock, valued at $13,095,196,926. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,801,604 shares of company stock worth $747,046,639 over the last ninety days. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Robert W. Baird upped their target price on shares of NVIDIA from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. UBS Group upped their price target on shares of NVIDIA from $175.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Bank of America increased their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Benchmark lifted their price objective on shares of NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, August 13th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Trading Down 3.3%

NASDAQ NVDA opened at $174.18 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a market cap of $4.23 trillion, a P/E ratio of 49.62, a P/E/G ratio of 1.30 and a beta of 2.10. The company has a 50-day moving average of $171.43 and a 200-day moving average of $139.35.

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, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company's revenue for the quarter was up 55.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. As a group, equities analysts predict that NVIDIA Corporation will post 2.77 earnings per share 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 given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio (DPR) is currently 1.14%.

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.

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