NVIDIA Corporation $NVDA is Indie Asset Partners LLC's 10th Largest Position

Key Points

• Indie Asset Partners LLC has reduced its holdings in NVIDIA by 12% during the first quarter, now owning 15,175 shares valued at approximately $1.65 million.
• Wall Street analysts have increased their price targets for NVIDIA, with Wolfe Research setting a new target of $230.00 and Craig Hallum raising it to $245.00, reflecting strong buy ratings across the board.
• NVIDIA recently declared a quarterly dividend of $0.01 per share, with an ex-dividend date set for September 11th, contributing to a low annualized yield of 0.0%.

Indie Asset Partners LLC decreased its position in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,175 shares of the computer hardware maker's stock after selling 2,063 shares during the quarter. NVIDIA makes up about 1.4% of Indie Asset Partners LLC's holdings, making the stock its 10th largest position. Indie Asset Partners LLC's holdings in NVIDIA were worth $1,645,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NVDA. High Note Wealth LLC grew its stake 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 worth $1,937,000 after acquiring an additional 91 shares during the period. Kelly Financial Services LLC lifted its holdings in shares of NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock valued at $513,000 after acquiring an additional 94 shares in the last quarter. Next Capital Management LLC lifted its holdings in shares of NVIDIA by 0.8% during 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 acquiring an additional 94 shares in the last quarter. Mendel Capital Management LLC lifted 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 worth $1,287,000 after buying an additional 96 shares in the last quarter. Finally, Affiance Financial LLC lifted 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 worth $1,479,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded down $5.99 during trading on Friday, reaching $174.18. 242,604,296 shares of the company's stock traded hands, compared to its average volume of 168,293,824. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 2.96. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The company has a 50 day moving average of $170.83 and a 200-day moving average of $139.08. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a price-to-earnings-growth ratio of 1.52 and a beta of 2.14.

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

NVIDIA Announces Dividend

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 issued a $0.01 dividend. 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 1.14%.

Analysts Set New Price Targets

A number of equities analysts have commented on NVDA shares. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday. Mizuho boosted their target price on shares of NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Rosenblatt Securities boosted their target price on shares of NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday. Truist Financial boosted their target price on shares of NVIDIA from $210.00 to $228.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $207.69.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares in the company, valued at $613,391,014.08. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director owned 9,214,697 shares of the company's stock, valued at approximately $1,298,535,101.24. This trade represents a 9.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,862,440 shares of company stock valued at $896,145,782. Insiders own 4.17% of the company's stock.

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.