NVIDIA Corporation $NVDA is Sustainable Growth Advisers LP's 8th Largest Position

Key Points

• Sustainable Growth Advisers LP increased its holdings in NVIDIA Corporation by 38.8%, making it the firm's 8th largest position with a total worth of $773.5 million.
• Multiple institutional investors have boosted their stakes in NVIDIA, such as Kathleen S. Wright Associates Inc., which raised its holding by 169.3% during the first quarter.
• Analysts have mixed ratings on NVIDIA, with four giving a Strong Buy rating, while the consensus rating stands at Moderate Buy with an average price target of $189.28.

Sustainable Growth Advisers LP increased its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 38.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,136,607 shares of the computer hardware maker's stock after purchasing an additional 1,995,946 shares during the quarter. NVIDIA makes up 4.3% of Sustainable Growth Advisers LP's portfolio, making the stock its 8th biggest holding. Sustainable Growth Advisers LP's holdings in NVIDIA were worth $773,465,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% during 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. Copia Wealth Management purchased a new stake in shares of NVIDIA in the 4th quarter worth $50,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of NVIDIA in the 1st quarter worth $51,000. Bruce G. Allen Investments LLC raised its position in shares of 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 acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of NVIDIA in the 4th quarter worth $54,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVDA shares. DA Davidson boosted their price target on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Rosenblatt Securities upped their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Piper Sandler set a $225.00 target price on NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, August 13th. BNP Paribas upgraded NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, Jefferies Financial Group boosted their price target on NVIDIA from $185.00 to $200.00 in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has assigned 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 price target of $189.28.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was 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 approximately $526,501,340.56. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 72,848,225 shares of the company's stock, valued at $13,095,196,926. The trade was a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $175.64 on Wednesday. The company has a market capitalization of $4.29 trillion, a P/E ratio of 56.66, a P/E/G ratio of 1.60 and a beta of 2.14. The business's 50 day moving average is $165.38 and its two-hundred day moving average is $136.23. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. 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, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. NVIDIA has set its Q2 2026 guidance at EPS. Analysts expect that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is currently 1.29%.

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.

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