NVIDIA Corporation $NVDA Holdings Boosted by Kirtland Hills Capital Management LLC

Key Points

• Kirtland Hills Capital Management LLC increased its stake in NVIDIA Corporation by 13.7%, owning a total of 37,370 shares worth approximately $3.79 million.
• An array of analysts have raised their price targets for NVIDIA's stock, with the highest being set at $245.00 by Craig Hallum, reflecting a strong positive outlook.
• In recent transactions, CEO Jen Hsun Huang sold 75,000 shares of NVIDIA stock for over $11.4 million, reducing his position by 0.10%.

Kirtland Hills Capital Management LLC boosted its holdings in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,370 shares of the computer hardware maker's stock after purchasing an additional 4,500 shares during the quarter. NVIDIA comprises 2.3% of Kirtland Hills Capital Management LLC's holdings, making the stock its 7th largest holding. Kirtland Hills Capital Management LLC's holdings in NVIDIA were worth $3,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. High Note Wealth LLC increased its stake in NVIDIA by 0.5% during the 1st quarter. High Note Wealth LLC now owns 17,873 shares of the computer hardware maker's stock worth $1,937,000 after buying an additional 91 shares in the last quarter. Kelly Financial Services LLC increased its stake in NVIDIA by 2.0% during the 1st quarter. Kelly Financial Services LLC now owns 4,736 shares of the computer hardware maker's stock worth $513,000 after buying an additional 94 shares in the last quarter. Next Capital Management LLC increased its stake in NVIDIA by 0.8% during the 1st quarter. Next Capital Management LLC now owns 12,589 shares of the computer hardware maker's stock worth $1,364,000 after buying an additional 94 shares in the last quarter. Mendel Capital Management LLC increased its stake in NVIDIA by 0.8% during 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 increased its stake in NVIDIA by 0.7% during 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. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

NVDA has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a report on Thursday. Cantor Fitzgerald restated an "overweight" rating and set a $240.00 target price on shares of NVIDIA in a report on Thursday. Oppenheimer restated an "outperform" rating and set a $225.00 target price (up from $200.00) on shares of NVIDIA in a report on Thursday. Citigroup reiterated a "buy" rating and issued a $210.00 price objective (up from $190.00) on shares of NVIDIA in a report on Thursday. Finally, Robert W. Baird upped their price objective on NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Four research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

NVIDIA Trading Down 3.3%

NASDAQ:NVDA traded down $5.99 during trading hours on Friday, reaching $174.18. 242,604,296 shares of the stock were exchanged, compared to its average volume of 168,293,824. The company has a quick ratio of 2.96, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $170.83 and a two-hundred day moving average of $139.08. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $184.48. The company has a market capitalization of $4.23 trillion, a price-to-earnings ratio of 49.62, a PEG ratio of 1.52 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, equities analysts predict 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 paid a $0.01 dividend. 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 Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on 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 owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 27,640 shares of the stock in a transaction on Monday, August 4th. The shares were 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 directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,862,440 shares of company stock worth $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.