NVIDIA Corporation $NVDA is Lockheed Martin Investment Management Co.'s 3rd Largest Position

Key Points

• Lockheed Martin Investment Management Co. increased its stake in NVIDIA Corporation by 11.7%, making NVIDIA its 3rd largest holding, valued at approximately $155.4 million.
• Several hedge funds, including Nuveen LLC and Aigen Investment Management LP, have recently adjusted their positions in NVIDIA, contributing to institutional ownership reaching 65.27% of the company's stock.
• Wall Street analysts maintain a positive outlook on NVIDIA, with an average price target of $207.42 and a consensus rating of "Moderate Buy." Analysts have set target prices ranging from $165 to $215.

Lockheed Martin Investment Management Co. lifted its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,434,020 shares of the computer hardware maker's stock after purchasing an additional 149,730 shares during the quarter. NVIDIA comprises about 6.3% of Lockheed Martin Investment Management Co.'s holdings, making the stock its 3rd biggest holding. Lockheed Martin Investment Management Co.'s holdings in NVIDIA were worth $155,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of NVIDIA in the first quarter valued at about $15,089,414,000. Aigen Investment Management LP grew its holdings in shares of NVIDIA by 17.9% in the first quarter. Aigen Investment Management LP now owns 9,747 shares of the computer hardware maker's stock valued at $1,056,000 after purchasing an additional 1,479 shares during the period. Scissortail Wealth Management LLC grew its holdings in shares of NVIDIA by 3.7% in the first quarter. Scissortail Wealth Management LLC now owns 31,730 shares of the computer hardware maker's stock valued at $3,439,000 after purchasing an additional 1,128 shares during the period. Cooper Financial Group grew its holdings in shares of NVIDIA by 16.4% in the first quarter. Cooper Financial Group now owns 195,975 shares of the computer hardware maker's stock valued at $21,240,000 after purchasing an additional 27,657 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in shares of NVIDIA in the first quarter valued at about $740,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NVDA shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $215.00 target price on shares of NVIDIA in a research note on Thursday, September 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Thursday, August 28th. UBS Group increased their target price on shares of NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, August 27th. Finally, Raymond James Financial increased their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $207.42.

Insider Activity at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $169.71, for a total value of $12,728,250.00. Following the sale, the chief executive officer owned 72,398,366 shares of the company's stock, valued at $12,286,726,693.86. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawn E. Hudson sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $172.00, for a total transaction of $3,096,000.00. Following the completion of the sale, the director directly owned 368,887 shares in the company, valued at approximately $63,448,564. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,832,755 shares of company stock worth $619,935,680. 4.17% of the stock is owned by corporate insiders.

NVIDIA Trading Up 0.8%

NASDAQ NVDA opened at $168.31 on Tuesday. The firm has a 50 day simple moving average of $172.94 and a 200-day simple moving average of $140.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21. NVIDIA Corporation has a one year low of $86.62 and a one year high of $184.48. The firm has a market cap of $4.09 trillion, a price-to-earnings ratio of 47.95, a PEG ratio of 1.21 and a beta of 2.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating 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 business had revenue of $46.74 billion during the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The business's revenue for the quarter was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal 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 issued 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 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.

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