NVIDIA Corporation $NVDA is LGT Capital Partners LTD.'s 3rd Largest Position

Key Points

• LGT Capital Partners LTD. reduced its stake in NVIDIA by 1.1%, retaining approximately 1,343,006 shares, which now represents 6.5% of their portfolio, making it their third-largest position.
• Several research analysts have raised their target prices for NVIDIA shares, with JPMorgan setting a new target of $215.00 and Benchmark increasing theirs to $220.00, indicating strong market confidence.
• The company's latest earnings report showed a significant year-over-year revenue growth of 55.6%, with earnings per share of $1.05, surpassing analyst expectations.

LGT Capital Partners LTD. cut its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,343,006 shares of the computer hardware maker's stock after selling 14,625 shares during the period. NVIDIA makes up about 6.5% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 3rd largest holding. LGT Capital Partners LTD.'s holdings in NVIDIA were worth $145,555,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Copia Wealth Management purchased a new stake in NVIDIA during the fourth quarter valued at approximately $50,000. LSV Asset Management purchased a new stake in NVIDIA during the fourth quarter valued at $54,000. Kathleen S. Wright Associates Inc. lifted its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of NVIDIA in the 1st quarter worth about $51,000. Finally, Bruce G. Allen Investments LLC increased its stake in NVIDIA by 198.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on NVDA shares. JPMorgan Chase & Co. raised their target price on shares of NVIDIA from $170.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, August 28th. Benchmark lifted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, August 28th. Citigroup restated a "buy" rating and set a $210.00 price objective (up from $190.00) on shares of NVIDIA in a research note on Thursday. Evercore ISI lifted their price objective on shares of NVIDIA from $190.00 to $214.00 and gave the company an "outperform" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group lifted their target price on shares of NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $207.69.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction of $4,921,578.40. Following the sale, the chief financial officer directly owned 2,956,876 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the transaction, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,801,604 shares of company stock worth $747,046,639 over the last 90 days. Insiders own 4.17% of the company's stock.

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. The stock has a market capitalization of $4.23 trillion, a P/E ratio of 49.62, a PEG ratio of 1.30 and a beta of 2.10. The firm's 50-day moving average is $171.43 and its two-hundred day moving average is $139.35. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48.

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 company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Thursday, September 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Thursday, September 11th. NVIDIA's dividend payout ratio is presently 1.14%.

NVIDIA Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.