Rathbones Group PLC Boosts Stock Holdings in NVIDIA Corporation $NVDA

Key Points

• Rathbones Group PLC increased its position in NVIDIA by 9.2% during the first quarter, holding 4,910,079 shares valued at approximately $532 million, making NVIDIA the 8th largest position in their portfolio.
• Several institutional investors made significant changes to their NVIDIA holdings, with Copia Wealth Management and others acquiring new positions, while investments such as Kathleen S. Wright Associates rose by 169.3%.
• NVIDIA reported a 55.6% year-over-year revenue increase in their latest earnings results, surpassing analysts’ expectations and achieving an earnings per share of $1.05.

Rathbones Group PLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 9.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,910,079 shares of the computer hardware maker's stock after purchasing an additional 412,087 shares during the quarter. NVIDIA comprises approximately 2.6% of Rathbones Group PLC's portfolio, making the stock its 8th biggest holding. Rathbones Group PLC's holdings in NVIDIA were worth $532,153,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NVDA. Ariadne Wealth Management LP grew its stake in shares of NVIDIA by 5.5% during the 1st quarter. Ariadne Wealth Management LP now owns 33,745 shares of the computer hardware maker's stock valued at $3,936,000 after acquiring an additional 1,772 shares during the period. Finer Wealth Management Inc. raised its stake in shares of NVIDIA by 6.2% in the first quarter. Finer Wealth Management Inc. now owns 85,188 shares of the computer hardware maker's stock worth $9,233,000 after purchasing an additional 4,946 shares during the last quarter. Saiph Capital LLC grew its holdings in NVIDIA by 7.0% in the first quarter. Saiph Capital LLC now owns 13,593 shares of the computer hardware maker's stock valued at $1,473,000 after purchasing an additional 894 shares during the period. Tlwm boosted its stake in shares of NVIDIA by 13.0% in the first quarter. Tlwm now owns 11,799 shares of the computer hardware maker's stock worth $1,279,000 after acquiring an additional 1,356 shares during the last quarter. Finally, Bulltick Wealth Management LLC raised its holdings in shares of NVIDIA by 30.6% in the 1st quarter. Bulltick Wealth Management LLC now owns 127,206 shares of the computer hardware maker's stock valued at $13,788,000 after buying an additional 29,826 shares during the period. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of analyst reports. Wells Fargo & Company increased their target price on NVIDIA from $185.00 to $220.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. KeyCorp reissued an "overweight" rating and set a $230.00 target price (up from $215.00) on shares of NVIDIA in a research note on Thursday, August 28th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $225.00 target price (up previously from $185.00) on shares of NVIDIA in a research note on Thursday, August 28th. Cantor Fitzgerald reissued an "overweight" rating and set a $240.00 price target on shares of NVIDIA in a research note on Thursday, August 28th. Finally, Loop Capital lifted their price target on shares of NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $207.83.

NVIDIA Trading Up 0.4%

Shares of NVDA stock traded up $0.65 during trading hours on Friday, hitting $177.82. 124,573,313 shares of the company's stock traded hands, compared to its average volume of 177,755,424. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $184.48. The stock's 50 day simple moving average is $174.42 and its 200 day simple moving average is $141.65. The stock has a market cap of $4.32 trillion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 1.29 and a beta of 2.10. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share 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 firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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 given a dividend of $0.01 per share. 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%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 608,248 shares of NVIDIA stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the transaction, the director directly owned 8,247,600 shares of the company's stock, valued at approximately $1,198,046,376. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the transaction, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,907,755 shares of company stock valued at $633,253,430. Insiders own 4.17% of the company's stock.

NVIDIA 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.